Summary
- Grayscale's Digital Large-Cap Fund 'GDLC' said it received trading approval from the U.S. Securities and Exchange Commission (SEC) for ETF conversion.
- Peter Mintzberg, Grayscale's CEO, said the approval is prompting them to hasten the launch of the first multi-virtual asset ETF.
- He said the ETF product is expected to include major virtual assets such as Bitcoin, Ethereum, Ripple, Solana, and Cardano.
Grayscale's Digital Large-Cap Fund 'GDLC' has been approved for trading in accordance with the U.S. Securities and Exchange Commission (SEC)'s general listing criteria for exchange-traded funds (ETFs).
On the 18th (local time), Peter Mintzberg, Grayscale's chief executive officer (CEO), said on X, "Grayscale's Digital Large-Cap Fund 'GDLC' application to convert to an ETF has been approved for trading under the general listing standards."
Accordingly, Grayscale is rushing to launch the first multi-virtual asset (cryptocurrency) ETF. The product is expected to include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA), offering the market a new form of multi-asset investment vehicle.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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