SEC Approves Grayscale Digital Large Cap Fund and Bitcoin ETF Options Listings
Grayscale’s multi-crypto ETF, tracking Bitcoin, Ethereum, XRP, Solana, and Cardano, is set to debut on the NYSE after the SEC’s approval, signaling an important milestone in cryptocurrency regulation.
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Fact Check
The provided evidence strongly supports both claims in the statement. Multiple sources, including SEC documents and news outlets like Reuters, CNBC, and Coindesk, corroborate the approval of options listings for spot Bitcoin ETFs (Sources 1, 3, 6, 7, 8). Likewise, several sources explicitly state the SEC approved the Grayscale Digital Large Cap Fund's conversion to an ETF (Sources 10, 11, 12, 15). The claims are well-corroborated across numerous sources, lending high credibility to the statement's accuracy.
Summary
The SEC has approved Grayscale’s Digital Large Cap Fund (GDLC), marking the first multi-crypto exchange-traded product (ETP) in the U.S. The fund provides exposure to Bitcoin, Ethereum, XRP, Solana, and Cardano. This approval, along with new generic listing standards for crypto ETPs, signals a shift toward broader institutional adoption and a potential surge in crypto ETF launches.
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