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

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.