$BTC #ETF Breakthrough as #SEC Approves Multi-Asset Grayscale Fund


The SEC granted accelerated approval for Grayscale's Digital Large Cap Fund conversion to exchange-traded status on Tuesday.


The fund holds $BTC at nearly 80% allocation, with $ETH comprising approximately 11% of total assets.


$SOL, $ADA, and $XRP round out the portfolio with single-digit percentage allocations each.


The approval signals positive momentum for pending individual #SpotETF applications across multiple cryptocurrencies.


Industry experts view this as a strategic testing ground for the SEC to evaluate additional digital assets in ETF format.


The fund previously traded over-the-counter exclusively for accredited investors before gaining broader market access.


This development could accelerate approval timelines for standalone $SOL, $XRP, and $ADA ETF proposals currently under #SEC review.

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July 01, 2025 at 6:49 PM
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