Kaito AI founder: More than $90 million worth of tokens have been distributed to holders and users

The post Regulation Advances While Volatility Masks the Bigger Picture appeared on BitcoinEthereumNews.com. The Crypto Market Feels Shaky — But Here’s What Actually

The post Grayscale ETF Tracking XRP, Solana and Cardano to Hit Wall Street After SEC Pause appeared on BitcoinEthereumNews.com. In brief The SEC said that Grayscale’s Digital Large Cap Fund conversion into an ETF is approved for listing and trading. The fund tracks the price of Bitcoin, Ethereum, Solana, XRP, and Cardano. Other ETFs tracking XRP and Dogecoin began trading on Thursday. An exchange-traded fund from crypto asset manager Grayscale that tracks the price of XRP, Solana, and Cardano—along with Bitcoin and Ethereum—was primed for its debut on the New York Stock Exchange, following long-sought approval from the SEC.  In an order on Wednesday, the regulator permitted the listing and trading of Grayscale’s Digital Large Cap Fund (GDLC), following an indefinite pause in July. The SEC meanwhile approved of generic listing standards for commodity-based products, paving the way for other crypto ETFs. A person familiar with the matter told Decrypt that GDLC is expected to begin trading on Friday. Unlike spot Bitcoin and Ethereum ETFs that debuted in the U.S. last year, GDLC is modeled on an index tracking the five largest and most liquid digital assets. Bitcoin represents 72% of the fund’s weighting, while Ethereum makes up 17%, according to Grayscale’s website. XRP, Solana, and Cardano account for 5.6%, 4%, and 1% of the fund’s exposure, respectively.  “The Grayscale team is working expeditiously to bring the FIRST multi-crypto asset ETP to market,” CEO Peter Mintzberg said on X on Wednesday, thanking the SEC for its “unmatched efforts in bringing the regulatory clarity our industry deserves.” Decrypt reached out to Grayscale for comment but did not immediately receive a response. Meanwhile, Dogecoin and XRP ETFs from Rex Shares and Osprey funds began trading on Thursday. The funds are registered under the Investment Company Act of 1940, a distinct set of rules compared to the process most asset managers have sought approval for crypto-focused products under. Not long ago,…

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