Will the SEC Approve Grayscale’s Five Crypto Spot ETF? Live Updates Before July 2 Deadline
2025-07-01 11:09:17
Main Idea
Grayscale is seeking SEC approval to convert its Digital Large Cap Fund (GDLC) into a spot ETF tracking five crypto assets, with a decision expected by July 2, 2025.
Key Points
1. Grayscale aims to transform its GDLC fund, which tracks a mix of five crypto assets, into a spot ETF.
2. The SEC has not yet made a decision on the application, with a deadline of July 2, 2025.
3. Bloomberg analysts estimate a 95% approval chance for altcoin ETFs.
4. The approval could mark the first inclusion of Solana, XRP, and ADA in an ETF.
Description
Grayscale started its Digital Large Cap Fund (GDLC) conversion journey back in 2024, when the first Bitcoin spot ETFs were approved . The firm’s goal is to transform the GDLC fund, which now tracks a mix of five crypto assets in various weights, into a spot ETF. So far, the SEC has not decided on the matter, but after the latest amendment submitted by Grayscale, the monetary watchdog has until Wednesday, July 2, to issue a statement. Keep up with the latest updates on Grayscale’s ETF application...
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