The US Securities and Exchange Commission (SEC) has approved Grayscale’s Digital Large Cap Fund (GDLC), marking the first multi-crypto exchange-traded product (ETP) to hit the market. Key Takeaways: The SEC has approved Grayscale’s GDLC, the first multi-crypto ETP in the US. GDLC provides exposure to Bitcoin, Ether, XRP, Solana, and Cardano. Analysts expect the approval to trigger a surge in new crypto ETF launches. The move comes as the agency accelerates its stance on crypto ETFs, signaling a broader shift in regulatory momentum. Grayscale CEO Peter Mintzberg confirmed the approval on Wednesday via X (formerly Twitter), thanking the SEC’s Crypto Task Force for helping bring long-awaited clarity to the space. Grayscale’s GDLC Fund Offers Exposure to Bitcoin, Ether, XRP, Solana GDLC offers investors diversified exposure to five major cryptocurrencies: Bitcoin, Ether, XRP, Solana, and Cardano. The approval comes just months after the SEC delayed Grayscale’s bid to convert GDLC from an over-the-counter fund to an ETP listed on NYSE Arca. With the green light now granted, the fund is poised to trade on a major US exchange, providing broader access to digital assets through traditional investment platforms. According to Grayscale, GDLC currently holds over $915 million in assets under management, with a net asset value of $57.70 per share. Its transition to a publicly traded ETP gives retail and institutional investors alike a regulated path to diversified crypto exposure. The SEC’s approval coincided with its broader move to authorize generic listing standards for crypto ETFs—effectively streamlining the approval process and lowering barriers for issuers. “This helps maximize investor choice and foster innovation,” said SEC Chair Paul Atkins in a statement. Industry analysts expect a wave of new crypto ETF launches to follow. “The last time this type of approval happened, ETF launches tripled,” noted Bloomberg’s Eric Balchunas. “We could see more than 100 new crypto ETFs within a year.” The approval of GDLC may mark a turning point in how multi-asset crypto products are treated under U.S. securities law, opening the door for broader participation in the digital asset market. Crypto ETF Flood Hits SEC as Issuers Bet on Avalanche, Bonk, and Beyond A new wave of crypto ETF filings landed at the SEC on Tuesday, showcasing issuers’ growing appetite for exotic and niche digital assets. The latest batch includes products tied to Avalanche infrastructure, meme coin Bonk, and basis trade strategies involving Bitcoin and Ethereum. Leveraged and income-focused ETFs tied to Orbs, Litecoin, and Sui were also submitted. Nate Geraci of the ETF Institute warned that the filings represent just the beginning of a flood of novel crypto products, with over 92 ETF applications now pending and key deadlines looming in October and November. The surge follows regulatory momentum and alternative structures like the 40 Act, which will bring XRP and Dogecoin ETFs to market this week. Analysts say Avalanche-based products may stand the best shot at approval, while memecoin and basis trade ETFs could face pushback over concerns about volatility and liquidity. Meanwhile, market flows show Bitcoin ETFs attracting $292 million in net inflows, even as Ethereum products saw $61.7 million in outflows on the same dayThe US Securities and Exchange Commission (SEC) has approved Grayscale’s Digital Large Cap Fund (GDLC), marking the first multi-crypto exchange-traded product (ETP) to hit the market. Key Takeaways: The SEC has approved Grayscale’s GDLC, the first multi-crypto ETP in the US. GDLC provides exposure to Bitcoin, Ether, XRP, Solana, and Cardano. Analysts expect the approval to trigger a surge in new crypto ETF launches. The move comes as the agency accelerates its stance on crypto ETFs, signaling a broader shift in regulatory momentum. Grayscale CEO Peter Mintzberg confirmed the approval on Wednesday via X (formerly Twitter), thanking the SEC’s Crypto Task Force for helping bring long-awaited clarity to the space. Grayscale’s GDLC Fund Offers Exposure to Bitcoin, Ether, XRP, Solana GDLC offers investors diversified exposure to five major cryptocurrencies: Bitcoin, Ether, XRP, Solana, and Cardano. The approval comes just months after the SEC delayed Grayscale’s bid to convert GDLC from an over-the-counter fund to an ETP listed on NYSE Arca. With the green light now granted, the fund is poised to trade on a major US exchange, providing broader access to digital assets through traditional investment platforms. According to Grayscale, GDLC currently holds over $915 million in assets under management, with a net asset value of $57.70 per share. Its transition to a publicly traded ETP gives retail and institutional investors alike a regulated path to diversified crypto exposure. The SEC’s approval coincided with its broader move to authorize generic listing standards for crypto ETFs—effectively streamlining the approval process and lowering barriers for issuers. “This helps maximize investor choice and foster innovation,” said SEC Chair Paul Atkins in a statement. Industry analysts expect a wave of new crypto ETF launches to follow. “The last time this type of approval happened, ETF launches tripled,” noted Bloomberg’s Eric Balchunas. “We could see more than 100 new crypto ETFs within a year.” The approval of GDLC may mark a turning point in how multi-asset crypto products are treated under U.S. securities law, opening the door for broader participation in the digital asset market. Crypto ETF Flood Hits SEC as Issuers Bet on Avalanche, Bonk, and Beyond A new wave of crypto ETF filings landed at the SEC on Tuesday, showcasing issuers’ growing appetite for exotic and niche digital assets. The latest batch includes products tied to Avalanche infrastructure, meme coin Bonk, and basis trade strategies involving Bitcoin and Ethereum. Leveraged and income-focused ETFs tied to Orbs, Litecoin, and Sui were also submitted. Nate Geraci of the ETF Institute warned that the filings represent just the beginning of a flood of novel crypto products, with over 92 ETF applications now pending and key deadlines looming in October and November. The surge follows regulatory momentum and alternative structures like the 40 Act, which will bring XRP and Dogecoin ETFs to market this week. Analysts say Avalanche-based products may stand the best shot at approval, while memecoin and basis trade ETFs could face pushback over concerns about volatility and liquidity. Meanwhile, market flows show Bitcoin ETFs attracting $292 million in net inflows, even as Ethereum products saw $61.7 million in outflows on the same day

SEC Approves Grayscale’s Multi-Crypto Fund Amid Broader ETF Push

2025/09/18 18:06

The US Securities and Exchange Commission (SEC) has approved Grayscale’s Digital Large Cap Fund (GDLC), marking the first multi-crypto exchange-traded product (ETP) to hit the market.

Key Takeaways:

  • The SEC has approved Grayscale’s GDLC, the first multi-crypto ETP in the US.
  • GDLC provides exposure to Bitcoin, Ether, XRP, Solana, and Cardano.
  • Analysts expect the approval to trigger a surge in new crypto ETF launches.

The move comes as the agency accelerates its stance on crypto ETFs, signaling a broader shift in regulatory momentum.

Grayscale CEO Peter Mintzberg confirmed the approval on Wednesday via X (formerly Twitter), thanking the SEC’s Crypto Task Force for helping bring long-awaited clarity to the space.

Grayscale’s GDLC Fund Offers Exposure to Bitcoin, Ether, XRP, Solana

GDLC offers investors diversified exposure to five major cryptocurrencies: Bitcoin, Ether, XRP, Solana, and Cardano.

The approval comes just months after the SEC delayed Grayscale’s bid to convert GDLC from an over-the-counter fund to an ETP listed on NYSE Arca.

With the green light now granted, the fund is poised to trade on a major US exchange, providing broader access to digital assets through traditional investment platforms.

According to Grayscale, GDLC currently holds over $915 million in assets under management, with a net asset value of $57.70 per share.

Its transition to a publicly traded ETP gives retail and institutional investors alike a regulated path to diversified crypto exposure.

The SEC’s approval coincided with its broader move to authorize generic listing standards for crypto ETFs—effectively streamlining the approval process and lowering barriers for issuers.

“This helps maximize investor choice and foster innovation,” said SEC Chair Paul Atkins in a statement.

Industry analysts expect a wave of new crypto ETF launches to follow.

“The last time this type of approval happened, ETF launches tripled,” noted Bloomberg’s Eric Balchunas. “We could see more than 100 new crypto ETFs within a year.”

The approval of GDLC may mark a turning point in how multi-asset crypto products are treated under U.S. securities law, opening the door for broader participation in the digital asset market.

Crypto ETF Flood Hits SEC as Issuers Bet on Avalanche, Bonk, and Beyond

A new wave of crypto ETF filings landed at the SEC on Tuesday, showcasing issuers’ growing appetite for exotic and niche digital assets.

The latest batch includes products tied to Avalanche infrastructure, meme coin Bonk, and basis trade strategies involving Bitcoin and Ethereum. Leveraged and income-focused ETFs tied to Orbs, Litecoin, and Sui were also submitted.

Nate Geraci of the ETF Institute warned that the filings represent just the beginning of a flood of novel crypto products, with over 92 ETF applications now pending and key deadlines looming in October and November.

The surge follows regulatory momentum and alternative structures like the 40 Act, which will bring XRP and Dogecoin ETFs to market this week.

Analysts say Avalanche-based products may stand the best shot at approval, while memecoin and basis trade ETFs could face pushback over concerns about volatility and liquidity.

Meanwhile, market flows show Bitcoin ETFs attracting $292 million in net inflows, even as Ethereum products saw $61.7 million in outflows on the same day.

Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen service@support.mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO

Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO

The post Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO appeared on BitcoinEthereumNews.com. Aave DAO is gearing up for a significant overhaul by shutting down over 50% of underperforming L2 instances. It is also restructuring its governance framework and deploying over $100 million to boost GHO. This could be a pivotal moment that propels Aave back to the forefront of on-chain lending or sparks unprecedented controversy within the DeFi community. Sponsored Sponsored ACI Proposes Shutting Down 50% of L2s The “State of the Union” report by the Aave Chan Initiative (ACI) paints a candid picture. After a turbulent period in the DeFi market and internal challenges, Aave (AAVE) now leads in key metrics: TVL, revenue, market share, and borrowing volume. Aave’s annual revenue of $130 million surpasses the combined cash reserves of its competitors. Tokenomics improvements and the AAVE token buyback program have also contributed to the ecosystem’s growth. Aave global metrics. Source: Aave However, the ACI’s report also highlights several pain points. First, regarding the Layer-2 (L2) strategy. While Aave’s L2 strategy was once a key driver of success, it is no longer fit for purpose. Over half of Aave’s instances on L2s and alt-L1s are not economically viable. Based on year-to-date data, over 86.6% of Aave’s revenue comes from the mainnet, indicating that everything else is a side quest. On this basis, ACI proposes closing underperforming networks. The DAO should invest in key networks with significant differentiators. Second, ACI is pushing for a complete overhaul of the “friendly fork” framework, as most have been unimpressive regarding TVL and revenue. In some cases, attackers have exploited them to Aave’s detriment, as seen with Spark. Sponsored Sponsored “The friendly fork model had a good intention but bad execution where the DAO was too friendly towards these forks, allowing the DAO only little upside,” the report states. Third, the instance model, once a smart…
Paylaş
BitcoinEthereumNews2025/09/18 02:28
Eigen price spikes 33% as EigenLayer leads fresh altcoin rally

Eigen price spikes 33% as EigenLayer leads fresh altcoin rally

The post Eigen price spikes 33% as EigenLayer leads fresh altcoin rally appeared on BitcoinEthereumNews.com. EigenLayer price hovered around $2.03, up by 33% after breaking to highs of $2.09. The US Securities and Exchange Commission’s move to approve a rules-based listing standard buoyed altcoins. EIGEN price also gained as the Fed cut interest rates, EigenLayer (EIGEN) is surging. Its price hovers near $2.03, currently up by 33% in 24 hours as a broader rally boosts altcoins. The cryptocurrency market is witnessing a notable resurgence amid the Federal Reserve’s monetary policy decision and a key regulatory win for altcoins. EigenLayer price jumps 33% to retest key level As most altcoins posted minor gains in early trading on Thursday, EigenLayer’s EIGEN token experienced a dramatic 33% price increase. The EIGEN token climbed from lows of $1.50 to hit highs of $2.09, with the sharp uptick marking a significant continuation following a breakout of a descending triangle pattern. Some catalysts of the uptick include partnerships and integrations, regulatory developments and macroeconomic indicators. For instance, on September 17, 2025, the US Securities and Exchange Commission approved generic listing standards for commodity-based trust shares. It means the regulator is adopting a rules-based approach that will streamline the approval process for exchange-traded products on platforms like the NYSE, Nasdaq, and Cboe Global Markets. BOOM: SEC has approved the generic listings standards that will clear way for spot crypto ETFs to launch (without going through all this bs every time) under ’33 Act so long as they have futures on Coinbase, which currently incl about 12-15 coins. pic.twitter.com/E9FXrniXRS — Eric Balchunas (@EricBalchunas) September 17, 2025 EIGEN gained ground as the Federal Reserve’s rate cut supported broader risk sentiment, while optimism has also been fueled by EigenLayer’s recent partnership with Google. In the past 24 hours, trading in the protocol’s native token surged, with volumes topping $427 million — a 260% jump alongside…
Paylaş
BitcoinEthereumNews2025/09/18 17:43