The US Securities and Exchange Commission (SEC) has approved Grayscale’s Digital Large Cap Fund (GDLC), marking the first multi-crypto exchange-traded product (ETP) to hit the market. Key Takeaways: The SEC has approved Grayscale’s GDLC, the first multi-crypto ETP in the US. GDLC provides exposure to Bitcoin, Ether, XRP, Solana, and Cardano. Analysts expect the approval to trigger a surge in new crypto ETF launches. The move comes as the agency accelerates its stance on crypto ETFs, signaling a broader shift in regulatory momentum. Grayscale CEO Peter Mintzberg confirmed the approval on Wednesday via X (formerly Twitter), thanking the SEC’s Crypto Task Force for helping bring long-awaited clarity to the space. Grayscale’s GDLC Fund Offers Exposure to Bitcoin, Ether, XRP, Solana GDLC offers investors diversified exposure to five major cryptocurrencies: Bitcoin, Ether, XRP, Solana, and Cardano. The approval comes just months after the SEC delayed Grayscale’s bid to convert GDLC from an over-the-counter fund to an ETP listed on NYSE Arca. With the green light now granted, the fund is poised to trade on a major US exchange, providing broader access to digital assets through traditional investment platforms. According to Grayscale, GDLC currently holds over $915 million in assets under management, with a net asset value of $57.70 per share. Its transition to a publicly traded ETP gives retail and institutional investors alike a regulated path to diversified crypto exposure. The SEC’s approval coincided with its broader move to authorize generic listing standards for crypto ETFs—effectively streamlining the approval process and lowering barriers for issuers. “This helps maximize investor choice and foster innovation,” said SEC Chair Paul Atkins in a statement. Industry analysts expect a wave of new crypto ETF launches to follow. “The last time this type of approval happened, ETF launches tripled,” noted Bloomberg’s Eric Balchunas. “We could see more than 100 new crypto ETFs within a year.” The approval of GDLC may mark a turning point in how multi-asset crypto products are treated under U.S. securities law, opening the door for broader participation in the digital asset market. Crypto ETF Flood Hits SEC as Issuers Bet on Avalanche, Bonk, and Beyond A new wave of crypto ETF filings landed at the SEC on Tuesday, showcasing issuers’ growing appetite for exotic and niche digital assets. The latest batch includes products tied to Avalanche infrastructure, meme coin Bonk, and basis trade strategies involving Bitcoin and Ethereum. Leveraged and income-focused ETFs tied to Orbs, Litecoin, and Sui were also submitted. Nate Geraci of the ETF Institute warned that the filings represent just the beginning of a flood of novel crypto products, with over 92 ETF applications now pending and key deadlines looming in October and November. The surge follows regulatory momentum and alternative structures like the 40 Act, which will bring XRP and Dogecoin ETFs to market this week. Analysts say Avalanche-based products may stand the best shot at approval, while memecoin and basis trade ETFs could face pushback over concerns about volatility and liquidity. Meanwhile, market flows show Bitcoin ETFs attracting $292 million in net inflows, even as Ethereum products saw $61.7 million in outflows on the same dayThe US Securities and Exchange Commission (SEC) has approved Grayscale’s Digital Large Cap Fund (GDLC), marking the first multi-crypto exchange-traded product (ETP) to hit the market. Key Takeaways: The SEC has approved Grayscale’s GDLC, the first multi-crypto ETP in the US. GDLC provides exposure to Bitcoin, Ether, XRP, Solana, and Cardano. Analysts expect the approval to trigger a surge in new crypto ETF launches. The move comes as the agency accelerates its stance on crypto ETFs, signaling a broader shift in regulatory momentum. Grayscale CEO Peter Mintzberg confirmed the approval on Wednesday via X (formerly Twitter), thanking the SEC’s Crypto Task Force for helping bring long-awaited clarity to the space. Grayscale’s GDLC Fund Offers Exposure to Bitcoin, Ether, XRP, Solana GDLC offers investors diversified exposure to five major cryptocurrencies: Bitcoin, Ether, XRP, Solana, and Cardano. The approval comes just months after the SEC delayed Grayscale’s bid to convert GDLC from an over-the-counter fund to an ETP listed on NYSE Arca. With the green light now granted, the fund is poised to trade on a major US exchange, providing broader access to digital assets through traditional investment platforms. According to Grayscale, GDLC currently holds over $915 million in assets under management, with a net asset value of $57.70 per share. Its transition to a publicly traded ETP gives retail and institutional investors alike a regulated path to diversified crypto exposure. The SEC’s approval coincided with its broader move to authorize generic listing standards for crypto ETFs—effectively streamlining the approval process and lowering barriers for issuers. “This helps maximize investor choice and foster innovation,” said SEC Chair Paul Atkins in a statement. Industry analysts expect a wave of new crypto ETF launches to follow. “The last time this type of approval happened, ETF launches tripled,” noted Bloomberg’s Eric Balchunas. “We could see more than 100 new crypto ETFs within a year.” The approval of GDLC may mark a turning point in how multi-asset crypto products are treated under U.S. securities law, opening the door for broader participation in the digital asset market. Crypto ETF Flood Hits SEC as Issuers Bet on Avalanche, Bonk, and Beyond A new wave of crypto ETF filings landed at the SEC on Tuesday, showcasing issuers’ growing appetite for exotic and niche digital assets. The latest batch includes products tied to Avalanche infrastructure, meme coin Bonk, and basis trade strategies involving Bitcoin and Ethereum. Leveraged and income-focused ETFs tied to Orbs, Litecoin, and Sui were also submitted. Nate Geraci of the ETF Institute warned that the filings represent just the beginning of a flood of novel crypto products, with over 92 ETF applications now pending and key deadlines looming in October and November. The surge follows regulatory momentum and alternative structures like the 40 Act, which will bring XRP and Dogecoin ETFs to market this week. Analysts say Avalanche-based products may stand the best shot at approval, while memecoin and basis trade ETFs could face pushback over concerns about volatility and liquidity. Meanwhile, market flows show Bitcoin ETFs attracting $292 million in net inflows, even as Ethereum products saw $61.7 million in outflows on the same day

SEC Approves Grayscale’s Multi-Crypto Fund Amid Broader ETF Push

2025/09/18 18:06
3 min read
For feedback or concerns regarding this content, please contact us at [email protected]

The US Securities and Exchange Commission (SEC) has approved Grayscale’s Digital Large Cap Fund (GDLC), marking the first multi-crypto exchange-traded product (ETP) to hit the market.

Key Takeaways:

  • The SEC has approved Grayscale’s GDLC, the first multi-crypto ETP in the US.
  • GDLC provides exposure to Bitcoin, Ether, XRP, Solana, and Cardano.
  • Analysts expect the approval to trigger a surge in new crypto ETF launches.

The move comes as the agency accelerates its stance on crypto ETFs, signaling a broader shift in regulatory momentum.

Grayscale CEO Peter Mintzberg confirmed the approval on Wednesday via X (formerly Twitter), thanking the SEC’s Crypto Task Force for helping bring long-awaited clarity to the space.

Grayscale’s GDLC Fund Offers Exposure to Bitcoin, Ether, XRP, Solana

GDLC offers investors diversified exposure to five major cryptocurrencies: Bitcoin, Ether, XRP, Solana, and Cardano.

The approval comes just months after the SEC delayed Grayscale’s bid to convert GDLC from an over-the-counter fund to an ETP listed on NYSE Arca.

With the green light now granted, the fund is poised to trade on a major US exchange, providing broader access to digital assets through traditional investment platforms.

According to Grayscale, GDLC currently holds over $915 million in assets under management, with a net asset value of $57.70 per share.

Its transition to a publicly traded ETP gives retail and institutional investors alike a regulated path to diversified crypto exposure.

The SEC’s approval coincided with its broader move to authorize generic listing standards for crypto ETFs—effectively streamlining the approval process and lowering barriers for issuers.

“This helps maximize investor choice and foster innovation,” said SEC Chair Paul Atkins in a statement.

Industry analysts expect a wave of new crypto ETF launches to follow.

“The last time this type of approval happened, ETF launches tripled,” noted Bloomberg’s Eric Balchunas. “We could see more than 100 new crypto ETFs within a year.”

The approval of GDLC may mark a turning point in how multi-asset crypto products are treated under U.S. securities law, opening the door for broader participation in the digital asset market.

Crypto ETF Flood Hits SEC as Issuers Bet on Avalanche, Bonk, and Beyond

A new wave of crypto ETF filings landed at the SEC on Tuesday, showcasing issuers’ growing appetite for exotic and niche digital assets.

The latest batch includes products tied to Avalanche infrastructure, meme coin Bonk, and basis trade strategies involving Bitcoin and Ethereum. Leveraged and income-focused ETFs tied to Orbs, Litecoin, and Sui were also submitted.

Nate Geraci of the ETF Institute warned that the filings represent just the beginning of a flood of novel crypto products, with over 92 ETF applications now pending and key deadlines looming in October and November.

The surge follows regulatory momentum and alternative structures like the 40 Act, which will bring XRP and Dogecoin ETFs to market this week.

Analysts say Avalanche-based products may stand the best shot at approval, while memecoin and basis trade ETFs could face pushback over concerns about volatility and liquidity.

Meanwhile, market flows show Bitcoin ETFs attracting $292 million in net inflows, even as Ethereum products saw $61.7 million in outflows on the same day.

Market Opportunity
EPNS Logo
EPNS Price(PUSH)
$0,011591
$0,011591$0,011591
-%0,30
USD
EPNS (PUSH) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Trump Statue Holding Bitcoin Unveiled Near U.S. Capitol as Crypto Politics Heat Up

Trump Statue Holding Bitcoin Unveiled Near U.S. Capitol as Crypto Politics Heat Up

TLDR: 12-foot golden Trump statue holding Bitcoin unveiled near U.S. Capitol, drawing attention to crypto’s growing role in politics. Installation coincided with Fed’s first 2025 rate cut, sparking discussions on Bitcoin price action and monetary policy links. Project organizers funded the statue to honor Trump’s pro-crypto stance and his Strategic Bitcoin Reserve initiative. Trump’s second [...] The post Trump Statue Holding Bitcoin Unveiled Near U.S. Capitol as Crypto Politics Heat Up appeared first on Blockonomi.
Share
Blockonomi2025/09/18 14:48
Helius Begins Solana Treasury With $175 Million SOL Purchase

Helius Begins Solana Treasury With $175 Million SOL Purchase

The post Helius Begins Solana Treasury With $175 Million SOL Purchase appeared on BitcoinEthereumNews.com. Helius Begins Solana Treasury With $175 Million SOL Purchase Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Keshav is a Physics graduate who has been employed as a writer with Bitcoinist since June 2021. He is passionate about writing and through the years, he has gained experience working in a variety of niches. Keshav holds an active interest in the cryptocurrency market, with on-chain analysis being an area he particularly likes to research and write about. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/helius-solana-treasury-175-million-sol-purchase/
Share
BitcoinEthereumNews2025/09/24 14:01
The genuine reason Trump is trapped — and why Americans are up a creek

The genuine reason Trump is trapped — and why Americans are up a creek

This week, Trump said that he’d do whatever is necessary to ease the oil crisis. He also assured America that the crisis “will be over soon.” Bull----. The problem
Share
Alternet2026/03/22 18:27