#SECETFApproval [١٠/٧ ٧:٤٦ ص] Meta AI: The US Securities and Exchange Commission (SEC) has recently approved several ETF applications, marking significant milestones in the crypto industry. Here are some key developments ¹ ² ³:
- *Grayscale's Digital Large Cap Fund*: The SEC approved Grayscale's proposal to convert its large-cap crypto fund into a spot ETF, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano. This fund has grown to nearly $775 million in assets under management and is heavily weighted toward Bitcoin at approximately 80%.
- *Spot Bitcoin ETFs*: In January 2024, the SEC approved 11 spot Bitcoin ETF applications from issuers like BlackRock, Grayscale, and Fidelity. This approval has made it easier for institutional investors and consumers to invest in Bitcoin.
- *Spot Ethereum ETFs*: In July 2024, the SEC approved multiple spot Ethereum ETFs, including those from 21Shares, Franklin Temple
[١٠/٧ ٧:٤٦ ص] Meta AI: The US Securities and Exchange Commission (SEC) has recently approved several ETF applications, marking significant milestones in the crypto industry. Here are some key developments ¹ ² ³:
- *Grayscale's Digital Large Cap Fund*: The SEC approved Grayscale's proposal to convert its large-cap crypto fund into a spot ETF, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano. This fund has grown to nearly $775 million in assets under management and is heavily weighted toward Bitcoin at approximately 80%.
- *Spot Bitcoin ETFs*: In January 2024, the SEC approved 11 spot Bitcoin ETF applications from issuers like BlackRock, Grayscale, and Fidelity. This approval has made it easier for institutional investors and consumers to invest in Bitcoin.
- *Spot Ethereum ETFs*: In July 2024, the SEC approved multiple spot Ethereum ETFs, including those from 21Shares, Franklin Templeton, Bitwise, Fidelity, and BlackRock. These ETFs will allow investors to participate in the Ethereum market through a regulated exchange.
- *New Crypto ETF Guidelines*: Recently, the SEC released new disclosure guidance for exchan
