#SECETFApproval pls follow me I will follow you back kind request lovely people

The SEC has made several landmark approvals recently that are reshaping the crypto investment landscape:

๐Ÿ“Œ Spot Bitcoin ETFs

In January 2024, the SEC approved 11 spot Bitcoin ETFs, including filings from BlackRock, Grayscale, and Fidelity. This marked the first time U.S. investors could gain direct exposure to Bitcoin through regulated exchange-traded products.

๐Ÿ“Œ Dual Bitcoin-Ethereum ETFs

Later in December 2024, the SEC greenlit the first Bitcoin-Ethereum ETFs, introduced by Hashdex and Franklin Templeton. These funds allow institutional investors to access both assets in a single spot-based vehicle.

๐Ÿ“Œ Grayscaleโ€™s Multi-Asset ETF (GDLC)

As of July 2025, the SEC approved Grayscaleโ€™s proposal to convert its Digital Large Cap Fund (GDLC) into a spot ETF. This fund includes Bitcoin, Ethereum, XRP, Solana, and Cardano, offering diversified exposure to major crypto assets.

๐Ÿ›ก๏ธ Important Notes from the SEC

Chair Gary Gensler emphasized that these approvals apply only to ETPs holding Bitcoin, a non-security commodity. The SEC has not signaled openness to ETFs involving crypto asset securities. They also stressed investor caution due to Bitcoinโ€™s volatility and potential misuse.