#SECETFApproval The US Securities and Exchange Commission (SEC) has made some significant approvals recently. On July 1, 2025, the SEC approved Grayscale's proposal to convert its large-cap crypto fund into a spot ETF, which will include Bitcoin, Ethereum, XRP, Solana, and Cardano ¹. This move marks a major step forward for institutional adoption of crypto.

Additionally, the SEC has also approved the first spot Ethereum ETFs, with trading beginning on July 23, 2024 ². This development has been seen as a significant regulatory shift towards digital assets, potentially opening the floodgates for more institutional investors and consumers to invest in Ethereum.

Prior to this, the SEC had approved spot bitcoin ETF applications for 11 issuers, including BlackRock, Grayscale, and Fidelity, on January 10, 2024 ³. This marked a pivotal moment for the crypto industry