{"id":55213,"date":"2025-07-01T20:08:19","date_gmt":"2025-07-01T20:08:19","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sec-approves-grayscales-conversion-of-btc-eth-sol-xrp-fund-into-an-etf\/"},"modified":"2025-07-01T20:08:19","modified_gmt":"2025-07-01T20:08:19","slug":"sec-approves-grayscales-conversion-of-btc-eth-sol-xrp-fund-into-an-etf","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sec-approves-grayscales-conversion-of-btc-eth-sol-xrp-fund-into-an-etf\/","title":{"rendered":"SEC approves Grayscale\u2019s conversion of BTC, ETH, SOL, XRP fund into an ETF"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/sec-approves-grayscale-fund-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/sec-approves-grayscale-fund-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/sec-approves-grayscale-fund-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/sec-approves-grayscale-fund-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li><span style=\"font-weight: 400;\">The U.S. Securities and Exchange Commission has approved Grayscale\u2019s Digital Large Cap Fund conversion into a spot ETF.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The fund holds Bitcoin, Ethereum, XRP, Solana, and Cardano.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Experts expect approvals of multiple crypto spot ETFs.<\/span><\/li>\n<\/ul>\n<p>The U.S. Securities and Exchange Commission (SEC) has approved the conversion of <a href=\"https:\/\/coinjournal.net\/news\/tag\/grayscale\/\">Grayscale<\/a>\u2019s Digital Large Cap Fund (GDLC) into a spot exchange-traded fund (ETF).<\/p>\n<p>GDLC is a fund that holds mega cap cryptocurrencies Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA).<\/p>\n<p>SEC\u2019s approval, announced in a <a href=\"https:\/\/www.sec.gov\/files\/rules\/sro\/nysearca\/2025\/34-103364.pdf\" target=\"_blank\" rel=\"noopener\">filing<\/a> on Tuesday, marks a significant milestone for cryptocurrency investment products, particularly as investors eye further spot ETF nods from the regulator.<\/p>\n<h2>SEC approved Grayscale\u2019s large-cap fund to convert into a spot ETF<\/h2>\n<p>This decision, announced on July 1, 2025, speaks to the SEC\u2019s growing acceptance of regulated cryptocurrency investment products and investor\u2019s quest for exposure.<\/p>\n<p>Greenlight for Grayscale\u2019s digital large-cap fund adds to the available spot ETFs in the US, notably spot Bitcoin and Ethereum ETFs that the regulator approved in 2024.<\/p>\n<p>With this development, Grayscale\u2019s fund will now trade on the NYSE Arca. The final deadline for SEC to either approve or reject the application was July 2, 2025.<\/p>\n<blockquote>\n<p>\u201cApproval was our expectation. The fund is over 90% Bitcoin and Ethereum. The next big date is Bitwise\u2019s BITW deadline of July 31,\u201d Bloomberg ETF analyst James Seyffart <a href=\"https:\/\/x.com\/JSeyff\/status\/1940098215090823621\" target=\"_blank\" rel=\"noopener\">said<\/a>. \u201cBut SEC could obviously go early.\u201d<\/p>\n<\/blockquote>\n<p>The newly approved ETF will include a basket of major cryptocurrencies, comprising Bitcoin (79.4%), Ethereum (11.6%), XRP (4.8%), Solana (2.9%), and Cardano (0.8%), mirroring the fund\u2019s current holdings.<\/p>\n<figure id=\"attachment_319060\" aria-describedby=\"caption-attachment-319060\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-319060\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/07\/gdlc-fund-components-by-bloomberg-1.png\" alt=\"\" width=\"808\" height=\"542\"\/><figcaption id=\"caption-attachment-319060\" class=\"wp-caption-text\">Bitcoin makes up largest share of the Grayscale Digital Large Cap Fund. Source: Bloomberg<\/figcaption><\/figure>\n<p>Grayscale initially <a href=\"https:\/\/coinjournal.net\/news\/grayscale-moves-to-convert-digital-large-cap-fund-into-etf-what-it-means-for-investors\/\">filed for this conversion<\/a> on April 1, 2025, proposing a spot ETF structure to provide investors with direct exposure to these assets.<\/p>\n<p>Following regulatory feedback, the company submitted an amended filing on June 30, 2025, with the SEC setting a final decision deadline of July 2, 2025. The approval order, released today, confirms the fund\u2019s eligibility to list and trade shares, a process finalized ahead of schedule, highlighting the SEC\u2019s streamlined approach to this application.<\/p>\n<h2>Experts say SEC will soon approve multiple crypto spot ETFs<\/h2>\n<p>Industry analysts anticipate that the SEC\u2019s approval of Grayscale\u2019s ETF signals the imminent approval of additional crypto spot ETFs.<\/p>\n<p>Recently, Bloomberg ETF analyst Eric Balchunas highlighted the SEC\u2019s imminent approvals. He pointed to the no further comments scenario around REX and Osprey Funds\u2019 filings for a staked Solana (SOL) ETF as notable. That spot ETF, expected to launch on July 3, offers yield-generating staking features and is the first staked crypto ETF in the U.S.<\/p>\n<p>SEC has recently delayed decisions on multiple spot crypto ETFs, including for XRP and SOL.<\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-4.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/sec-approves-grayscales-conversion-of-btc-eth-sol-xrp-fund-into-an-etf\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) The U.S. Securities and Exchange Commission has approved Grayscale\u2019s Digital Large Cap Fund conversion into a spot ETF. The fund holds Bitcoin, Ethereum, XRP, Solana, and Cardano. Experts expect approvals of multiple crypto spot ETFs. The U.S. Securities and Exchange Commission [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":55214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/55213"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=55213"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/55213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/55214"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=55213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=55213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=55213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}