Summary
- The U.S. SEC has announced its official approval of Grayscale’s Digital Large Cap Fund ETF conversion.
- It was stated that the ETF consists of major virtual assets such as Bitcoin, Ethereum, XRP, Solana, and Cardano.
- The industry expects this approval will expand institutional investors’ access.
According to the virtual asset (cryptocurrency) analysis platform Unfolded on the 1st (local time), the U.S. Securities and Exchange Commission (SEC) has officially approved the conversion of Grayscale's Digital Large Cap Fund (Digital Large Cap Fund, GDLC) into an exchange-traded fund (ETF).
This ETF will be comprised of major virtual assets such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
The industry expects that this approval will further expand institutional investors’ access to the virtual asset market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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