US SEC to Decide This Week on Final Approval of Grayscale GDLC ETF…"High Probability of Approval"
Suehyeon Lee
Summary
- The US SEC announced it will decide this week on the final approval of Grayscale's GDLC ETF.
- The GDLC is a product combining major virtual assets such as Bitcoin, Ethereum, Ripple, Solana, and Cardano, and is seen as having a high likelihood of approval.
- It is anticipated that individual spot ETF approvals for XRP, Solana, and Cardano will follow.
The US Securities and Exchange Commission (SEC) is set to make a final decision this week on the approval of Grayscale's Digital Large Cap ETF (GDLC).
On the 30th (local time), Nate Geraci, CEO of The ETF Store, stated on X that "GDLC, which is pending the SEC’s final approval decision this week, is a product that combines major virtual assets (cryptocurrencies) such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA), and is highly likely to be approved."
He added, "Subsequently, individual spot ETF approvals for XRP, Solana (SOL), and Cardano (ADA) are expected to follow."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
