Hold onto your hats, folks! The United States Securities and Exchange Commission (SEC) has officially given the green light for the Grayscale Digital Large Cap Fund (GDLC) to be traded on the stock exchange. Why does this matter, you ask? Well, the SEC, in a stroke of grace (or perhaps confusion), has also decided to loosen up those pesky ETF listing standards.
This approval is like a VIP pass to the crypto party for traditional investors. It signals a monumental shift in regulatory thinking, allowing institutional capital to flood into the crypto market, like an overzealous guest crashing the scene.
Grayscale Dashes to Unveil the First Multi-Asset Crypto ETP – Take Notes!
Peter Mintzberg, Grayscale’s CEO (who sounds like he should be running a hedge fund, but let’s be real, he’s in crypto), has announced that the Grayscale Digital Large Cap Fund ($GDLC) and the oh-so-chic Generic Listing Standards have been approved for trading.
“Grayscale Digital Large Cap Fund $GDLC was just approved for trading along with the Generic Listing Standards. The Grayscale team is working at warp speed to bring the *FIRST* multi-asset crypto ETP to market with Bitcoin, Ethereum, XRP, Solana, and Cardano. You know, just a few of the big dogs in crypto,”
– Peter Mintzberg (@PeterMintzberg) September 17, 2025
Grayscale’s GDLC is not just your average fund; it’s the first multi-asset crypto Exchange-Traded Product (ETP). Inside, you’ll find Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). You could almost call it the Avengers of digital assets.
As of September, the allocation looked like this: 72.23% Bitcoin, 12.17% Ethereum, 5.62% XRP, 4.03% Solana, and a modest 1% Cardano. No, you’re not dreaming, that’s a hefty chunk of Bitcoin leading the pack.
Grayscale Investments launched GDLC back in 2018, with the ambitious goal of exposing investors to the biggest digital assets in the market. No need for sweaty palms, private keys, or risk of losing a fortune in an old laptop drawer. They’ve got it all secured for you!
But wait, there’s a twist: back in July, the SEC decided to delay their decision to convert GDLC from an OTC fund into a listed ETP on NYSE Arca. Why? Who knows – they were just *so* interested in further reviewing it. But, lo and behold, this latest approval might just be the sign that a multi-asset crypto ETP from Grayscale is not only possible – it’s about to happen. The Generic Listing Standards approval is like a fast-pass at Disney World, promising to streamline the process and, dare we say, open the floodgates for more crypto ETPs.
Ethereum, Solana, XRP, and ADA investors? Oh, they’re practically giddy over this SEC decision. And, of course, they’re eagerly awaiting their own ETFs. Because why not? The more the merrier.
“Holds BTC, ETH, XRP, SOL, & ADA,” Nate Geraci, Co-Founder of the ETF Institute, said. As if you couldn’t already guess, he’s not just a fan – he’s an aficionado.
But here’s the kicker: Grayscale isn’t the only player in this game. Bitwise, with its Bitwise 10 Crypto Index Fund (BITW), is also eyeing SEC approval to convert its fund into an ETF. BITW has a broader range of crypto assets than GDLC, so don’t be surprised if Bitwise becomes the next approved ETF darling. Analysts are all but expecting it at this point.
And just to make the whole thing juicier, these positive regulatory moves come at the same time the Federal Reserve decides to cut interest rates by 25 basis points. Why? Who knows – maybe they just wanted to boost the party vibe. But let’s be honest, this has only fueled investor optimism and set the stage for a thrilling, extended altcoin season. You better buckle up, because it’s going to be a wild ride!
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2025-09-18 07:53