Tuesday, July 29, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

SEC approves Grayscale’s conversion of BTC, ETH, SOL, XRP fund into an ETF – CoinJournal

2 July 2025
in Regulations
Reading Time: 3 mins read
0 0
A A
0
Home Regulations
Share on FacebookShare on Twitter


The U.S. Securities and Alternate Fee has permitted Grayscale’s Digital Giant Cap Fund conversion right into a spot ETF.
The fund holds Bitcoin, Ethereum, XRP, Solana, and Cardano.
Specialists count on approvals of a number of crypto spot ETFs.

The U.S. Securities and Alternate Fee (SEC) has permitted the conversion of Grayscale’s Digital Giant Cap Fund (GDLC) right into a spot exchange-traded fund (ETF).

GDLC is a fund that holds mega cap cryptocurrencies Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA).

SEC’s approval, introduced in a submitting on Tuesday, marks a major milestone for cryptocurrency funding merchandise, notably as traders eye additional spot ETF nods from the regulator.

SEC permitted Grayscale’s large-cap fund to transform right into a spot ETF

This determination, introduced on July 1, 2025, speaks to the SEC’s rising acceptance of regulated cryptocurrency funding merchandise and investor’s quest for publicity.

Greenlight for Grayscale’s digital large-cap fund provides to the accessible spot ETFs within the US, notably spot Bitcoin and Ethereum ETFs that the regulator permitted in 2024.

With this growth, Grayscale’s fund will now commerce on the NYSE Arca. The ultimate deadline for SEC to both approve or reject the applying was July 2, 2025.

“Approval was our expectation. The fund is over 90% Bitcoin and Ethereum. The following huge date is Bitwise’s BITW deadline of July 31,” Bloomberg ETF analyst James Seyffart stated. “However SEC might clearly go early.”

The newly permitted ETF will embody a basket of main cryptocurrencies, comprising Bitcoin (79.4%), Ethereum (11.6%), XRP (4.8%), Solana (2.9%), and Cardano (0.8%), mirroring the fund’s present holdings.

Bitcoin makes up largest share of the Grayscale Digital Giant Cap Fund. Supply: Bloomberg

Grayscale initially filed for this conversion on April 1, 2025, proposing a spot ETF construction to supply traders with direct publicity to those belongings.

Following regulatory suggestions, the corporate submitted an amended submitting on June 30, 2025, with the SEC setting a remaining determination deadline of July 2, 2025. The approval order, launched right now, confirms the fund’s eligibility to record and commerce shares, a course of finalized forward of schedule, highlighting the SEC’s streamlined method to this utility.

Specialists say SEC will quickly approve a number of crypto spot ETFs

Business analysts anticipate that the SEC’s approval of Grayscale’s ETF alerts the upcoming approval of further crypto spot ETFs.

Not too long ago, Bloomberg ETF analyst Eric Balchunas highlighted the SEC’s imminent approvals. He pointed to the no additional feedback situation round REX and Osprey Funds’ filings for a staked Solana (SOL) ETF as notable. That spot ETF, anticipated to launch on July 3, gives yield-generating staking options and is the primary staked crypto ETF within the U.S.

SEC has just lately delayed selections on a number of spot crypto ETFs, together with for XRP and SOL.

Share this articleCategoriesTags



Source link

Tags: approvesBTCCoinJournalConversionETFETHFundGrayscalesSECSOLXRP
Previous Post

Bitcoin Holds Above $106,000, But Apparent Demand Cools To Negative Levels | Bitcoinist.com

Next Post

AI Startup TML From Ex-OpenAI Exec Mira Murati Pays $500,000 | Entrepreneur

Related Posts

Trump signs GENIUS Act into law, positioning Ripple’s RLUSD for institutional adoption – CoinJournal
Regulations

Trump signs GENIUS Act into law, positioning Ripple’s RLUSD for institutional adoption – CoinJournal

21 July 2025
US House revives Crypto Week agenda, advances three crypto bills – CoinJournal
Regulations

US House revives Crypto Week agenda, advances three crypto bills – CoinJournal

17 July 2025
South Korea’s crypto reform plans offer tax cuts and funding access to companies – CoinJournal
Regulations

South Korea’s crypto reform plans offer tax cuts and funding access to companies – CoinJournal

9 July 2025
Elon Musk announces his ‘America Party’ will embrace Bitcoin, criticizes Trump’s fiscal bill – CoinJournal
Regulations

Elon Musk announces his ‘America Party’ will embrace Bitcoin, criticizes Trump’s fiscal bill – CoinJournal

7 July 2025
Judge rejects Ripple and SEC’s joint bid to conclude XRP lawsuit – CoinJournal
Regulations

Judge rejects Ripple and SEC’s joint bid to conclude XRP lawsuit – CoinJournal

27 June 2025
Fed could slash rates to 2.5% by 2026; crypto markets brace for impact – CoinJournal
Regulations

Fed could slash rates to 2.5% by 2026; crypto markets brace for impact – CoinJournal

25 June 2025
Next Post
AI Startup TML From Ex-OpenAI Exec Mira Murati Pays $500,000 | Entrepreneur

AI Startup TML From Ex-OpenAI Exec Mira Murati Pays $500,000 | Entrepreneur

Collector Ken Griffin spends $18.1m on historic US documents signed by Abraham Lincoln

Collector Ken Griffin spends $18.1m on historic US documents signed by Abraham Lincoln

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

2 July 2025
Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

2 July 2025
Microsoft Ede now features an AI Copilot Mode

Microsoft Ede now features an AI Copilot Mode

29 July 2025
Grove Finance Launches on Avalanche With $250 Million Target Investment – News Bytes Bitcoin News

Grove Finance Launches on Avalanche With $250 Million Target Investment – News Bytes Bitcoin News

29 July 2025
Binance Launchpad Review: How to Buy It in 2025

Binance Launchpad Review: How to Buy It in 2025

29 July 2025
Ray Dalio Backs Gold and Bitcoin as US Debt Hits $36.7T

Ray Dalio Backs Gold and Bitcoin as US Debt Hits $36.7T

29 July 2025
Ethereum Price Stays Strong – Elevated Price Hints at Bullish Continuation

Ethereum Price Stays Strong – Elevated Price Hints at Bullish Continuation

29 July 2025
MARA Holdings Concludes $950 Million Raise To Increase Bitcoin Exposure – Details | Bitcoinist.com

MARA Holdings Concludes $950 Million Raise To Increase Bitcoin Exposure – Details | Bitcoinist.com

29 July 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$118,739.00-0.12%
  • ethereumEthereum(ETH)$3,868.49-0.63%
  • rippleXRP(XRP)$3.16-2.91%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$831.88-2.53%
  • solanaSolana(SOL)$184.44-4.52%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$3,861.61-0.50%
  • dogecoinDogecoin(DOGE)$0.228780-5.48%
  • tronTRON(TRX)$0.3387555.13%