SEC Grayscale agreement clears way for Multi-Asset Crypto: Launches as the First in the US
The SEC’s agreement with Grayscale has just approved Grayscale’s initiative to transform its Digital Large Cap Fund (GDLC) into a spot ETF. This marks another phase in integrating digital currency within Wall Street’s conventional offerings.
This action provides regular investors with direct access to leading digital assets, eliminating the need for wallets or seed phrases.
What the SEC Grayscale ETF Offers
BTC constitutes the majority of Grayscale’s GDLC ETF, but it’s not the only player. Based on the CoinDesk 5 Index, the fund also includes ETH, XRP, Solana, and Cardano.
It’s a breakthrough for the traditional finance audience, and as we have noted throughout this cycle, retail investors are lagging behind while institutions are fueling the bull market.
The beginning of the end for public versus private markets is upon us. Capital formation is increasingly efficient in the crypto sphere. Lending markets as well. This embodies the democratization of finance, and the pace will only quicken from here… https://t.co/Z7fsKnzLul
— Raoul Pal (@RaoulGMI) June 30, 2025
The SEC’s endorsement represents a long-awaited shift. Following years of stalling the approval of spot BTC ETFs, the regulator had to concede, partly due to Grayscale’s legal victory in 2023.
Now, the agency’s hesitant blessing of GDLC highlights increasing demands from institutions and pension funds seeking secure, regulated entry to crypto. The ETF will be listed on NYSE Arca shortly.
Implications for the Market
Grayscale’s approval might just be the initial sign of a larger trend. Analysts at 99Bitcoins now predict an influx of crypto ETFs for Polkadot, Sui, Sei, Dogecoin (seriously, LOL), Avalanche, and even Tron. Investors are on the lookout for crypto assets they wish to endorse.
The SEC’s acknowledgment suggests that crypto is evolving and is not devoid of compliance.
What’s Next?
Grayscale’s ETF marks a progressive advancement in the integration of crypto into conventional finance. “We’re excited,” stated Andy Baehr from CoinDesk Indices, describing it as a victory for investors pursuing high-quality digital assets in a unified format.
As the number of ETFs increases, the SEC is striving to keep pace with a market that is already advancing.
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Essential Points
- The SEC Grayscale agreement has just sanctioned Grayscale’s plan to convert its Digital Large Cap Fund (GDLC) into a spot ETF.
- Grayscale’s approval may represent the first weakness in the barrier. Analysts at 99Bitcoins expect a rush of crypto ETFs targeting Polkadot, Sui, Sei, and others.
The article SEC Grayscale deal Greenlights Multi-Asset Crypto: Debuts As US First appeared first on 99Bitcoins.
