🚨 BREAKING NEWS: SEC Approves Grayscale’s Multi‑Crypto ETF including BTC, ETH, XRP, SOL and ADA🚨

📰 In a landmark move on July 1, 2025, the U.S. Securities and Exchange Commission (SEC) has officially approved the conversion of Grayscale’s Digital Large Cap Fund (ticker: GDLC) into a spot exchange-traded fund (ETF). The diversified fund will hold Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA) – with BTC and ETH together comprising over 90% of the assets.

💼 Originally launched in 2018 and trading publicly since 2019, GDLC had roughly $775 million in assets under management at the end of June 2025.

🧾 The fund’s asset allocation is currently approximately 79.9% BTC, 11.3% ETH, 5% XRP, 3% SOL, and 0.8% ADA, based on the latest available data from Grayscale.

📈 The ETF will be listed on NYSE Arca, offering U.S. investors regulated exposure to a spectrum of top-tier digital assets.

🚀 This first-ever multi‑asset spot crypto ETF sets a powerful precedent. It not only simplifies diversified crypto exposure in one product but also signals potential future approvals for single‑asset ETFs for XRP, SOL, ADA, and others later in 2025.

🔍 Conclusion: This approval is a watershed moment for the crypto market and its investors. It signals growing institutional trust in digital assets and may open the floodgates for broader retail and institutional adoption. With regulated, diversified exposure now available via a single ETF, it’s a major step toward legitimizing crypto as a mainstream asset class — potentially fueling new market inflows and long-term price appreciation.#etf

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