US SEC approves conversion of grayscale 'digital large-cap stock funds' into ETFs

Crypto 7x24

2025-07-02 04:16:25

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Internet reports that the U.S. Securities and Exchange Commission (SEC) approved an amendment to convert grayscale "digital large-cap stock funds" into ETFs (covering BTC, ETH, XRP, SOL, ADA). The Grayscale Digital Large Cap Fund (code GDLC) is a hybrid crypto fund of Bitcoin, Ethereum, Solana, XRP and Avalanche that is currently traded over-the-counter. The fund is mainly composed of BTC (accounting for nearly 75%) and ETH (accounting for approximately 19%), with the rest composed of SOL, XRP and AVAX.

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network message| A list of important developments at noon on July 2
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