SEC approves Grayscale’s proposal to convert BTC, ETH, XRP, ADA large-cap fund into a spot ETF

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Key Takeaways

The SEC approved Grayscale’s conversion of its large-cap crypto fund into a spot ETF.
The ETF will include Bitcoin, Ethereum, XRP, Solana, and Cardano, expanding regulated crypto products for US investors.

The US Securities and Exchange Commission today approved Grayscale’s proposal to convert its Digital Large Market Fund into an exchange-traded fund (ETF). The fund includes Bitcoin, Ethereum, XRP, Solana, and Cardano.

The approval marks another expansion of regulated crypto investment products available to US investors, following the recent wave of spot Bitcoin ETF authorizations.

This is a developing story. Please come back for further updates.

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