Key Takeaways
What does this approval mean for investors?
It allows traditional investors to access diversified exposure to major cryptocurrencies without buying tokens directly.
Which cryptocurrencies are included in GDLC?
Bitcoin, Ether, XRP, Solana, and Cardano.
The U.S. Securities and Exchange Commission (SEC) has greenlit the Grayscale Digital Large Cap Fund (GDLC) for stock exchange trading.
The approval, coinciding with relaxed ETF listing standards, opens the door for traditional investors to access the crypto market more easily and signals growing institutional support.
Grayscale CEO Peter Mintzberg weighs in
Grayscale CEO Peter Mintzberg confirmed the development on X (formerly Twitter), praising the SEC’s Crypto Task Force for providing much-needed clarity to the sector.
He said,
“The Grayscale team is working expeditiously to bring the *FIRST* multi #crypto asset ETP to market with Bitcoin, Ethereum, XRP, Solana, and Cardano.”
He further added,
“Thank you to the SEC #Crypto Task Force for their continued, unmatched efforts in bringing the regulatory clarity our industry deserves.”
The newly approved Grayscale Digital Large Cap Fund (GDLC) offers investors exposure to five of the world’s largest cryptocurrencies: Bitcoin [BTC], Ethereum [ETH], Ripple [XRP], Solana [SOL], and Cardano [ADA].
Impact on included tokens
Following the announcement, markets reacted positively.
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Author: Ishika Kumari
