#SECETFApproval

The US SEC has made significant strides in crypto ETF approvals, recently greenlighting Grayscale's Digital Large Cap Fund (GDLC) to convert into a spot ETF.

This fund includes Bitcoin, Ethereum, XRP, Solana and Cardano, marking a crucial step in regulated crypto products for US investors. Although the launch is pending due to a stay imposed by the SEC, ETF Store President Nate Geraci views this as a positive development, anticipating a formal listing framework for crypto ETFs.

This move could pave the way for other multi-asset crypto funds and potentially single-asset spot ETFs tied to crypto assets like XRP and Solana.