The U.S. SEC has approved Grayscale’s request to convert its Digital Large Cap Fund (GDLC) into a spot ETF, offering exposure to $BTC , #Ethereum , XRP, $SOL , and #Cardano (ADA). The fund is primarily weighted towards BTC and ETH. This marks a major regulatory step following Grayscale's earlier success in launching a spot Bitcoin ETF.

The SEC is also considering streamlining the approval process for crypto ETFs by removing the need for the lengthy 19b-4 filing. Analysts expect this could accelerate the launch of more crypto ETFs, including single-asset ones for Solana and $XRP , with approval chances estimated at 95% by the end of 2025. This trend could drive greater mainstream adoption and institutional investment in the crypto space.