A bitcoin, Ethereum, XRP, Solana, and Cardano ETF has been approved.

The investment fund will provide investors exposure to the prices of the 5 cryptocurrencies.

85% of the fund must be composed of bitcoin or ethereum.

This is a spot ETF, and the custody of the cryptocurrencies will be in the hands of Coinbase.

The U.S. Securities and Exchange Commission (SEC) approved today, July 1, the launch of a new exchange-traded fund (ETF) that offers combined exposure to the digital assets bitcoin (BTC), ether (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA).

This is the Grayscale Digital Large Cap Fund (GDLC), managed by Grayscale Investments, a fund that was already trading in secondary markets, whose structure has now been modified to meet the listing requirements as an ETF.