After the SEC’s approval of Grayscale crypto index ETF, Bitwise could be next.
Individual ETF greenlight for XRP, SOL, and ADA expectations remain high
The U.S. Securities and Exchange Commission (SEC) has finally approved the first crypto index ETF (exchange-traded fund) tracking more altcoins beyond Bitcoin [BTC] and Ethereum [ETH].
On the 1st of July, the agency greenlighted the conversion of Grayscale’s Digital Large Cap Fund (GDLC) into a multi-crypto asset spot fund.
The crypto index fund will list on NYSE Arca and includes BTC, ETH, XRP, Solana [SOL], and Cardano [ADA]. Currently, GDLC has $754 million of assets under management (AUM).
