GDLC
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Grayscale GDLC ETF — Approval with a Catch”
Here’s a critical update from the ETF world — and it's got layers.
Grayscale recently received regulatory authorization to convert its GDLC — that’s the Grayscale Digital Large Cap Fund — into a spot ETF.
Sounds like a massive win for crypto, right? But there’s a catch.
Bloomberg analysts report that while the approval was granted, there was a letter attached to the authorization. And that letter contains certain limitations — meaning Grayscale can’t actually proceed with the ETF conversion just yet.
The approval is symbolic — yes — but not operational. At least, not for now.
This move adds more complexity to the ongoing ETF rollout in the U.S., where legal structures and regulatory interpretations keep shifting.
The GDLC ETF isn’t hitting the market just yet, and Grayscale may have to wait — or negotiate further.
Follow for real-time ETF insights and smart breakdowns."
#Grayscale #GDLC #ETFUpdate #BitcoinETF #CryptoRegulation $WCT
Here’s a critical update from the ETF world — and it's got layers.
Grayscale recently received regulatory authorization to convert its GDLC — that’s the Grayscale Digital Large Cap Fund — into a spot ETF.
Sounds like a massive win for crypto, right? But there’s a catch.
Bloomberg analysts report that while the approval was granted, there was a letter attached to the authorization. And that letter contains certain limitations — meaning Grayscale can’t actually proceed with the ETF conversion just yet.
The approval is symbolic — yes — but not operational. At least, not for now.
This move adds more complexity to the ongoing ETF rollout in the U.S., where legal structures and regulatory interpretations keep shifting.
The GDLC ETF isn’t hitting the market just yet, and Grayscale may have to wait — or negotiate further.
Follow for real-time ETF insights and smart breakdowns."
#Grayscale #GDLC #ETFUpdate #BitcoinETF #CryptoRegulation $WCT
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#تحديث_ومتابعه
🇺🇸 The U.S. Securities and Exchange Commission (#SEC ) has given the green light to application #Grayscale to convert fund
#DigitalLargeCapFund (#GDLC ) into a cash exchange-traded fund that includes five cryptocurrencies: Bitcoin, Ethereum, Solana, XRP, and Cardano 🚀 $ADA $SOL $XRP
GDLC, which manages assets worth approximately $775 million, consists of about 80% BTC, 11-11.3% ETH, and small holdings of XRP (~ 5%), SOL (~ 3%), and ADA (~ 0.8%).
🇺🇸 The U.S. Securities and Exchange Commission (#SEC ) has given the green light to application #Grayscale to convert fund
#DigitalLargeCapFund (#GDLC ) into a cash exchange-traded fund that includes five cryptocurrencies: Bitcoin, Ethereum, Solana, XRP, and Cardano 🚀 $ADA $SOL $XRP
GDLC, which manages assets worth approximately $775 million, consists of about 80% BTC, 11-11.3% ETH, and small holdings of XRP (~ 5%), SOL (~ 3%), and ADA (~ 0.8%).
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After 5 years of struggle with the SEC, has the XRP cycle completed?
After a five-year legal battle with the SEC, XRP takes a significant step forward.
A significant step forward, including joining an organized trading ETF in the United States. Recent developments represent a critical turning point for both Ripple and the digital asset.
End of 5 years of struggle with the SEC
A significant step forward, including joining an organized trading ETF in the United States. Recent developments represent a critical turning point for both Ripple and the digital asset.
End of 5 years of struggle with the SEC
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