SEC Accelerates Approval of Grayscale’s Multi-Crypto ETF
The US Securities and Exchange Commission has granted accelerated approval to Grayscale’s Digital Large Cap Fund, allowing its conversion into an ETF.
The decision, outlined in an official filing, suggests a potential shift in the SEC’s stance toward crypto-based investment vehicles.
The fund’s composition—dominated by Bitcoin (80%) and Ethereum (11%), with minor allocations to Solana, Cardano, and XRP—positions it as a diversified crypto offering. Industry experts, including ETF Store president Nate Geraci, believe this could set a precedent for single-asset crypto ETFs in the near future.
As regulatory conditions evolve, the SEC is also reviewing ETFs tied to SOL, DOGE, and other digital assets, indicating a broader acceptance of cryptocurrency in traditional finance.
