02.07.2025 08:56

The Securities and Exchange Commission (SEC) has authorized Grayscale's application to transform its Digital Large Cap Fund (GDLC) into a spot cryptocurrency exchange-traded fund (ETF), marking a significant shift in the US digital asset landscape. This landmark decision opens doors for traditional investors to access the crypto market more easily while simultaneously fostering growth within the crypto sector itself.

This approval, granted just before the SEC's deadline, represents a pivotal moment for Grayscale, solidifying its position as a leader in innovative digital investment products. The decision not only benefits Grayscale by enhancing its product offerings but also signals a broader acceptance of diversified cryptocurrency investments within the regulated US financial system.

Unlike previous spot ETFs primarily focused on single cryptocurrencies like Bitcoin, GDLC offers exposure to a basket of digital assets, catering to the growing investor demand for diversification. This multi-asset approach significantly reduces risk and provides more balanced investment opportunities.

The new Grayscale ETF boasts a portfolio weighted by market capitalization. Bitcoin, holding the largest share, accounts for 79.9% of the fund’s assets. Ethereum follows significantly, at 11.3%, with the remaining allocation distributed among XRP, Solana, and Cardano. This carefully constructed composition reflects the current market dominance of these leading cryptocurrencies. The launch of this ETF represents a watershed moment, ushering in a new era of regulated and accessible crypto investment within the United States.