Paul Atkins

Cardano

Crypto Task Force

<ul>
 <li>Grayscale’s multi-crypto ETP receives SEC approval, offering new investment opportunities.</li>
 <li>SEC’s new crypto ETF standards could lead to dozens of launches.</li>
 <li>GDLC fund includes Bitcoin, Ether, XRP, Solana, and Cardano exposure.</li>
</ul>
The U.S. Securities and Exchange Commission (SEC) has officially approved Grayscale’s Digital Large Cap Fund (GDLC), marking a significant development for the cryptocurrency industry. 
This fund will become the first multi-crypto asset exchange-traded product (ETP) available on the market, providing investors exposure to five prominent cryptocurrencies-Bitcoin, Ether, XRP, Solana, and Cardano. 
<a href="https://x.com/PeterMintzberg/status/1968455083214983201" target="_blank" rel="noopener noreferrer nofollow">According to Grayscale’s CEO</a>, Peter Mintzberg, the approval signals a significant milestone for both the company and the broader crypto industry. He has thanked the SEC Crypto Task Force for its efforts in providing the much-needed regulatory clarity to the sector. 
This accreditation comes after it was previously delayed earlier in the year, as the SEC had put off the conversion of GDLC from an over-the-counter fund to a tradable ETF on NYSE Arca, in the common view of seeking additional examination. 
Also Read: <a href="https://36crypto.com/the-secret-behind-rlusds-success-building-a-stablecoin-for-the-global-economy/" target="_blank" rel="noopener noreferrer nofollow">The Secret Behind $RLUSD’s Success: Building a Stablecoin for the Global Economy</a> 
<div class="embed-twitter">
 <blockquote class="twitter-tweet">
 Grayscale Digital Large Cap Fund <a href="https://twitter.com/search?q=%24GDLC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$GDLC</a> was just approved for trading along with the Generic Listing Standards. The Grayscale team is working expeditiously to bring the *FIRST* multi <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#crypto</a> asset ETP to market with Bitcoin, Ethereum, XRP, Solana, and Cardano<a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ETH</a> <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>… 
 — Peter Mintzberg (@PeterMintzberg) <a href="https://twitter.com/PeterMintzberg/status/1968455083214983201?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 17, 2025</a> 
 </blockquote>
 
</div>
The latest update on Grayscale’s website shows that GDLC has a net asset value of $57.7 per share and that its assets under management exceed $915 million. Multi-crypto investment is a much-needed diversification of an already fast-expanding digital asset market. 
<h2 id="strong-the-sec-s-accelerated-approval-process-and-broader-impact-on-crypto-etfs-strong">The SEC’s Accelerated Approval Process and Broader Impact on Crypto ETFs</h2>
In addition to approving Grayscale’s fund, the SEC also introduced a new development for crypto ETF issuers. The agency approved, on an accelerated basis, the generic listing standards for cryptocurrency ETFs. 
This action should make the <a href="https://36crypto.com/grayscale-files-for-cardano-etf-could-ada-be-the-next-big-investment/" target="_blank" rel="noopener noreferrer nofollow">approval process</a> less challenging, which will result in the introduction of a large number of new crypto ETFs, most of which may track such assets as XRP, Solana, and even Dogecoin. 
<a href="https://www.sec.gov/newsroom/press-releases/2025-121-sec-approves-generic-listing-standards-commodity-based-trust-shares" target="_blank" rel="noopener noreferrer nofollow">SEC Chairman Paul Atkins pointed</a> out that these revised listing standards would enhance investor access to digital assets and innovation in the capital markets. Eric Balchunas, a senior ETF analyst at Bloomberg, says that the <a href="https://x.com/ericbalchunas?lang=en" target="_blank" rel="noopener noreferrer nofollow">introduction</a> of these standards will lead to the introduction of more than 100 crypto ETFs next year. 
This approval is in line with the SEC’s larger endeavors to simplify the regulations surrounding cryptocurrencies and related products, which may result in new opportunities for investors in the digital asset sector. 
It highlights a growing recognition of crypto’s place within traditional financial markets and could pave the way for a more robust crypto ETF market in the future. 
Also Read: <a href="https://36crypto.com/bitcoin-ethereum-and-solana-make-major-moves-top-crypto-trends-you-cant-miss/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin, Ethereum, and Solana Make Major Moves: Top Crypto Trends You Can’t Miss</a> 
The post <a rel="noopener noreferrer nofollow" href="https://36crypto.com/grayscales-multi-crypto-exchange-traded-product-gets-sec-approval/">Grayscale’s Multi-Crypto Exchange-Traded Product Gets SEC Approval</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://36crypto.com">36Crypto</a>.

Grayscale’s Multi-Crypto Exchange-Traded Product Gets SEC Approval

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