Summary
- The U.S. Securities and Exchange Commission (SEC) announced the official receipt of Grayscale's Digital Large Cap Fund ETF conversion application.
- It was reported that the fund includes major digital assets such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
- Nate Geraci, CEO of The ETF Store, predicted a high possibility of ETF approval, and also expects future approval of individual spot ETFs.
The U.S. Securities and Exchange Commission (SEC) has officially received a revised application to convert Grayscale's Digital Large Cap Fund into an ETF.
On the 30th (local time), SolidIntel announced through X (formerly Twitter), "The SEC has received Grayscale’s Digital Large Cap Fund ETF conversion application." The fund includes Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
Previously, Nate Geraci, CEO of The ETF Store, commented, "I think the likelihood of approval for the Grayscale Digital Large Cap ETF is high," and added, "After this, we may also see the approval of spot ETFs for individual digital assets (cryptocurrencies) such as XRP and Solana."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
