Grayscale’s multi-crypto ETP receives SEC approval, offering new investment opportunities. SEC’s new crypto ETF standards could lead to dozens of launches. GDLC fund includes Bitcoin, Ether, XRP, Solana, and Cardano exposure. The U.S. Securities and Exchange Commission (SEC) has officially approved Grayscale’s Digital Large Cap Fund (GDLC), marking a significant development for the cryptocurrency industry. This fund will become the first multi-crypto asset exchange-traded product (ETP) available on the market, providing investors exposure to five prominent cryptocurrencies-Bitcoin, Ether, XRP, Solana, and Cardano. According to Grayscale’s CEO, Peter Mintzberg, the approval signals a significant milestone for both the company and the broader crypto industry. He has thanked the SEC Crypto Task Force for working hard on providing the much-needed regulatory clarity to the sector. This accreditation comes after it was previously delayed earlier in the year, as the SEC had put off the conversion of GDLC on the over-the-counter fund to a tradable ETF on NYSE Arca in the communal view of seeking additional examination. Grayscale Digital Large Cap Fund $GDLC was just approved for trading along with the Generic Listing Standards. The Grayscale team is working expeditiously to bring the *FIRST* multi #crypto asset ETP to market with Bitcoin, Ethereum, XRP, Solana, and Cardano#BTC #ETH $XRP $SOL… — Peter Mintzberg (@PeterMintzberg) September 17, 2025 The latest update on Grayscale’s website shows that GDLC has a net asset value of $57.7 per share and that its assets under management exceed $915 million. Multi-crypto investment is a much-needed diversification of an already fast-expanding digital asset market. Also Read: The Secret Behind $RLUSD’s Success: Building a Stablecoin for the Global Economy The SEC’s Accelerated Approval Process and Broader Impact on Crypto ETFs In addition to approving Grayscale’s fund, the SEC also introduced a new development for crypto ETF issuers. The agency approved, on an accelerated basis, the generic listing standards for cryptocurrency ETFs. This action should make the approval process less challenging, which will result in the introduction of a large number of new crypto ETFs, most of which may track such assets as XRP, Solana, and even Dogecoin. SEC Chairman Paul Atkins pointed out that these revised listing standards would enhance investor access to digital assets and innovation in the capital markets. Eric Balchunas, a senior ETF analyst at Bloomberg, says that the introduction of these standards will lead to the introduction of more than 100 crypto ETFs next year. This approval is in line with the SEC’s larger endeavors to simplify the regulations surrounding cryptocurrencies and related products, which may result in new opportunities for investors in the digital asset sector. It highlights a growing recognition of crypto’s place within traditional financial markets and could pave the way for a more robust crypto ETF market in the future. Also Read: Bitcoin, Ethereum and Solana Make Major Moves: Top Crypto Trends You Can’t Miss The post Grayscale’s Multi-Crypto Exchange-Traded Product Gets SEC Approval appeared first on 36Crypto. Grayscale’s multi-crypto ETP receives SEC approval, offering new investment opportunities. SEC’s new crypto ETF standards could lead to dozens of launches. GDLC fund includes Bitcoin, Ether, XRP, Solana, and Cardano exposure. The U.S. Securities and Exchange Commission (SEC) has officially approved Grayscale’s Digital Large Cap Fund (GDLC), marking a significant development for the cryptocurrency industry. This fund will become the first multi-crypto asset exchange-traded product (ETP) available on the market, providing investors exposure to five prominent cryptocurrencies-Bitcoin, Ether, XRP, Solana, and Cardano. According to Grayscale’s CEO, Peter Mintzberg, the approval signals a significant milestone for both the company and the broader crypto industry. He has thanked the SEC Crypto Task Force for working hard on providing the much-needed regulatory clarity to the sector. This accreditation comes after it was previously delayed earlier in the year, as the SEC had put off the conversion of GDLC on the over-the-counter fund to a tradable ETF on NYSE Arca in the communal view of seeking additional examination. Grayscale Digital Large Cap Fund $GDLC was just approved for trading along with the Generic Listing Standards. The Grayscale team is working expeditiously to bring the *FIRST* multi #crypto asset ETP to market with Bitcoin, Ethereum, XRP, Solana, and Cardano#BTC #ETH $XRP $SOL… — Peter Mintzberg (@PeterMintzberg) September 17, 2025 The latest update on Grayscale’s website shows that GDLC has a net asset value of $57.7 per share and that its assets under management exceed $915 million. Multi-crypto investment is a much-needed diversification of an already fast-expanding digital asset market. Also Read: The Secret Behind $RLUSD’s Success: Building a Stablecoin for the Global Economy The SEC’s Accelerated Approval Process and Broader Impact on Crypto ETFs In addition to approving Grayscale’s fund, the SEC also introduced a new development for crypto ETF issuers. The agency approved, on an accelerated basis, the generic listing standards for cryptocurrency ETFs. This action should make the approval process less challenging, which will result in the introduction of a large number of new crypto ETFs, most of which may track such assets as XRP, Solana, and even Dogecoin. SEC Chairman Paul Atkins pointed out that these revised listing standards would enhance investor access to digital assets and innovation in the capital markets. Eric Balchunas, a senior ETF analyst at Bloomberg, says that the introduction of these standards will lead to the introduction of more than 100 crypto ETFs next year. This approval is in line with the SEC’s larger endeavors to simplify the regulations surrounding cryptocurrencies and related products, which may result in new opportunities for investors in the digital asset sector. It highlights a growing recognition of crypto’s place within traditional financial markets and could pave the way for a more robust crypto ETF market in the future. Also Read: Bitcoin, Ethereum and Solana Make Major Moves: Top Crypto Trends You Can’t Miss The post Grayscale’s Multi-Crypto Exchange-Traded Product Gets SEC Approval appeared first on 36Crypto.

Grayscale’s Multi-Crypto Exchange-Traded Product Gets SEC Approval

2025/09/18 15:29
Okuma süresi: 3 dk
  • Grayscale’s multi-crypto ETP receives SEC approval, offering new investment opportunities.
  • SEC’s new crypto ETF standards could lead to dozens of launches.
  • GDLC fund includes Bitcoin, Ether, XRP, Solana, and Cardano exposure.

The U.S. Securities and Exchange Commission (SEC) has officially approved Grayscale’s Digital Large Cap Fund (GDLC), marking a significant development for the cryptocurrency industry. This fund will become the first multi-crypto asset exchange-traded product (ETP) available on the market, providing investors exposure to five prominent cryptocurrencies-Bitcoin, Ether, XRP, Solana, and Cardano.


According to Grayscale’s CEO, Peter Mintzberg, the approval signals a significant milestone for both the company and the broader crypto industry. He has thanked the SEC Crypto Task Force for working hard on providing the much-needed regulatory clarity to the sector. This accreditation comes after it was previously delayed earlier in the year, as the SEC had put off the conversion of GDLC on the over-the-counter fund to a tradable ETF on NYSE Arca in the communal view of seeking additional examination.


The latest update on Grayscale’s website shows that GDLC has a net asset value of $57.7 per share and that its assets under management exceed $915 million. Multi-crypto investment is a much-needed diversification of an already fast-expanding digital asset market.


Also Read: The Secret Behind $RLUSD’s Success: Building a Stablecoin for the Global Economy


The SEC’s Accelerated Approval Process and Broader Impact on Crypto ETFs

In addition to approving Grayscale’s fund, the SEC also introduced a new development for crypto ETF issuers. The agency approved, on an accelerated basis, the generic listing standards for cryptocurrency ETFs. This action should make the approval process less challenging, which will result in the introduction of a large number of new crypto ETFs, most of which may track such assets as XRP, Solana, and even Dogecoin.


SEC Chairman Paul Atkins pointed out that these revised listing standards would enhance investor access to digital assets and innovation in the capital markets. Eric Balchunas, a senior ETF analyst at Bloomberg, says that the introduction of these standards will lead to the introduction of more than 100 crypto ETFs next year.


This approval is in line with the SEC’s larger endeavors to simplify the regulations surrounding cryptocurrencies and related products, which may result in new opportunities for investors in the digital asset sector. It highlights a growing recognition of crypto’s place within traditional financial markets and could pave the way for a more robust crypto ETF market in the future.


Also Read: Bitcoin, Ethereum and Solana Make Major Moves: Top Crypto Trends You Can’t Miss


The post Grayscale’s Multi-Crypto Exchange-Traded Product Gets SEC Approval appeared first on 36Crypto.

Piyasa Fırsatı
Threshold Logosu
Threshold Fiyatı(T)
$0.007003
$0.007003$0.007003
-1.72%
USD
Threshold (T) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen [email protected] ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

Revolutionary: Midas and Axelar Launch Tokenized XRP with 8% Target Yield

Revolutionary: Midas and Axelar Launch Tokenized XRP with 8% Target Yield

BitcoinWorld Revolutionary: Midas and Axelar Launch Tokenized XRP with 8% Target Yield The cryptocurrency world is constantly evolving, bringing exciting new opportunities for investors. A recent development has captured significant attention: the launch of tokenized XRP by Midas and Axelar. This innovative collaboration aims to transform how you interact with your XRP holdings, potentially offering an attractive yield. What is Tokenized XRP (mXRP) and Why Does it Matter? Imagine holding your favorite digital asset, XRP, but also having the ability to earn a passive income from it. That is precisely what Midas, an asset tokenization platform, has achieved by partnering with Axelar, a leading blockchain interoperability protocol. Together, they have introduced mXRP, a tokenized version of XRP that comes with a compelling target annual yield. This initiative is more than just another crypto product; it represents a significant step forward in making digital assets work harder for their holders. By tokenizing XRP, Midas is essentially creating a digital representation of the asset on a different blockchain, allowing it to participate in decentralized finance (DeFi) activities that were previously inaccessible to native XRP. The immediate appeal lies in the product’s base annual yield, which currently hovers around 8%. Midas and Axelar have publicly stated their commitment to maintaining this yield within a 6% to 8% range, providing a degree of stability and predictability often sought after in the volatile crypto market. This stable yield target is a crucial differentiator, aiming to attract both new and experienced crypto participants looking for reliable returns. How Does This Partnership Benefit XRP Holders? The collaboration between Midas and Axelar brings distinct advantages to the XRP community and the broader crypto ecosystem. Here’s a closer look at the key benefits: Enhanced Utility for XRP: Traditionally, XRP has been known for its speed and low transaction costs, primarily used for cross-border payments. With mXRP, the asset gains new utility within the DeFi space, expanding its potential applications beyond its native blockchain. Attractive Yield Opportunities: The 8% target yield on tokenized XRP is highly competitive, especially when compared to traditional savings accounts or even some other crypto staking options. This allows XRP holders to potentially grow their assets passively. Increased Accessibility: Axelar’s interoperability protocol ensures that mXRP can seamlessly move across various blockchain networks. This means greater flexibility and access to a wider range of DeFi protocols and applications for mXRP holders. Diversification of Investment Strategies: For investors looking to diversify their crypto portfolio, mXRP offers a unique blend of exposure to XRP’s value proposition combined with the income-generating potential of DeFi. Institutional Interest: The structured nature and targeted yield of products like mXRP could attract more institutional investors to the XRP ecosystem, further validating its market presence and utility. Moreover, the partnership leverages the strengths of both platforms. Midas excels in asset tokenization, providing the infrastructure to create and manage mXRP. Axelar, on the other hand, ensures secure and efficient cross-chain communication, making mXRP truly interoperable. This synergy is vital for the product’s success and broad adoption. Navigating the Future of Tokenized XRP: What Should Investors Consider? While the launch of tokenized XRP presents exciting prospects, it is important for investors to approach it with a clear understanding of the crypto landscape. The target yield, while appealing, is not guaranteed and can be subject to market conditions and the underlying mechanisms used to generate that yield. As with any crypto investment, understanding the technology, the partners involved, and the potential risks is paramount. Investors should research Midas and Axelar thoroughly, understanding their security practices, audit reports, and track records. Always remember that the crypto market can be volatile, and while attractive yields are offered, capital is always at risk. The emergence of mXRP underscores a broader trend in the digital asset space: the increasing sophistication of financial products built on blockchain technology. As more assets become tokenized and interoperability improves, we can expect to see even more innovative offerings that bridge traditional finance with the decentralized world. This evolution offers unprecedented opportunities for those willing to learn and adapt. Conclusion: A New Horizon for XRP and DeFi The collaboration between Midas and Axelar to launch tokenized XRP with an 8% target yield marks a significant milestone. It not only enhances the utility and earning potential for XRP holders but also demonstrates the power of blockchain interoperability and asset tokenization in creating new financial instruments. This development opens up a new horizon for investors seeking to integrate passive income strategies with their digital asset holdings, pushing the boundaries of what is possible in decentralized finance. Frequently Asked Questions (FAQs) Q1: What is mXRP? A1: mXRP is a tokenized XRP, a digital representation of XRP created by Midas in partnership with Axelar. It aims to offer holders a base annual yield, currently around 8%, by enabling XRP to participate in broader DeFi activities. Q2: How is the 8% target yield generated? A2: While the specific mechanisms are managed by Midas, such yields in DeFi typically come from activities like lending protocols, liquidity provision, or other yield-generating strategies. Midas and Axelar aim to maintain the base yield between 6% and 8%. Q3: Is mXRP the same as native XRP? A3: No, mXRP is a tokenized version of XRP, meaning it is a representation of XRP on a different blockchain, enabled by Midas and Axelar’s technology. Native XRP exists on the XRP Ledger. Q4: What role does Axelar play in this launch? A4: Axelar is a blockchain interoperability protocol. Its role is crucial in ensuring that mXRP can securely and seamlessly move and operate across various blockchain networks, enhancing its utility and accessibility within the DeFi ecosystem. Q5: What are the risks associated with investing in mXRP? A5: Like all cryptocurrency investments, mXRP carries risks including market volatility, smart contract risks, and potential fluctuations in the target yield. Investors should conduct their own research and understand these risks before investing. Share This Insight! Found this article on tokenized XRP insightful? Share it with your network and help others understand this exciting development in the crypto space! Your shares help us bring more valuable content to the community. To learn more about the latest crypto market trends, explore our article on key developments shaping the future of decentralized finance price action. This post Revolutionary: Midas and Axelar Launch Tokenized XRP with 8% Target Yield first appeared on BitcoinWorld.
Paylaş
Coinstats2025/09/22 19:30
Wormhole’s W token enters ‘value accrual’ phase with strategic reserve

Wormhole’s W token enters ‘value accrual’ phase with strategic reserve

Wormhole has moved beyond its distribution phase, initiating a new strategy. By allocating on-chain and off-chain protocol revenue to a dedicated treasury, the cross-chain protocol is creating a direct link between its commercial success and the value of its native…
Paylaş
Crypto.news2025/09/18 03:05
XRP Price Prediction February 2026: Senator Warren Warns Fed as Pepeto’s 100x Presale Steals the Spotlight From Ripple

XRP Price Prediction February 2026: Senator Warren Warns Fed as Pepeto’s 100x Presale Steals the Spotlight From Ripple

Senator Elizabeth Warren reportedly sent a letter to Fed Chair Jerome Powell and Treasury Secretary Scott Bessent demanding they not […] The post XRP Price Prediction
Paylaş
Coindoo2026/02/22 05:55