The U.S. Securities and Exchange Commission (SEC) has approved the launch of an ETF for spot trading that includes cryptocurrencies such as ADA, SOL. The SEC announced its approval to convert the 'Grayscale' fund into an ETF. This fund includes cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA). Grayscale began its journey to convert its large market capitalization digital fund (GDLC) in 2024 when the first spot Bitcoin ETFs were approved. With this approval, the GDLC fund, which currently tracks a mix of cryptocurrencies, will be converted into a spot trading ETF, making it easier for large funds and conservative investors to access these cryptocurrencies through traditional markets.