The U.S. Securities and Exchange Commission (SEC) has officially approved the conversion of Grayscale's Digital Large Cap Fund into an exchange-traded fund (ETF).
The ETF offers exposure to Bitcoin (BTC), Ethereum (ETH), as well as XRP and some other altcoins.
This will be the first U.S. spot-based ETF that includes multiple tokens.
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As reported by U.Today, Grayscale's amended S-3 registration was recognized by the regulator just before the long-awaited approval.
The approval of Grayscale's application for GDLC officially kicked off the so-called "crypto ETF summer."
