{"id":6868,"date":"2025-07-01T18:15:32","date_gmt":"2025-07-01T18:15:32","guid":{"rendered":"https:\/\/baiwp.com\/sec-approves-grayscale-etf-that-includes-btc-eth-sol-xrp-ada\/"},"modified":"2025-07-01T18:15:32","modified_gmt":"2025-07-01T18:15:32","slug":"sec-approves-grayscale-etf-that-includes-btc-eth-sol-xrp-ada","status":"publish","type":"post","link":"https:\/\/baiwp.com\/nl\/sec-approves-grayscale-etf-that-includes-btc-eth-sol-xrp-ada\/","title":{"rendered":"SEC Approves Grayscale ETF That Includes BTC, ETH, SOL, XRP, ADA"},"content":{"rendered":"<p>The Securities and Exchange Commission (SEC) has approved the conversion of Grayscale\u2019s Digital Large Cap Fund (GDLC) into a spot exchange-traded fund (ETF), a filing shows.<\/p>\n<p>The fund tracks the price of bitcoin BTC, ethereum ETH, XRP XRP, Solana SOL and Cardano ADA. The majority of the fund\u2019s weight, currently about 80%, is in bitcoin. The SEC&#8217;s letter on Tuesday noted that the fund is benchmarked to the <a href=\"https:\/\/indices.coindesk.com\/indices\/cd5\">CoinDesk 5 Index<\/a> (CD5). <\/p>\n<p>GDLC was launched in February 2018 and has since attracted nearly $755 million in assets under management. It has a 2.5% expense ratio.<\/p>\n<p>In a statement, CoinDesk Indices head of product and research Andy Baehr said, &#8220;We are thrilled to see SEC approval, paving the way for this Grayscale fund, benchmarked to the CoinDesk 5 Index, to be uplisted as an ETF, and enabling investors and advisors to capture the largest and most liquid digital assets in a single product.&#8221;<\/p>\n<p>Baehr said the fund will become the largest multi-token digital asset ETF in the world. <\/p>\n<p>Crypto asset manager Bitwise is next in line to receive a decision from the SEC to convert its Bitwise 10 Crypto Index Fund (BITW) into an ETF. BITW holds 79% in bitcoin and the rest in ether, XRP, SOL, ADA, Sui SUI, Chainlink LINK, Avalanche AVAX, Litecoin LTC and Polkadot DOT.<\/p>","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission (SEC) has approved the conversion of Grayscale\u2019s Digital Large Cap Fund (GDLC) into a spot 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Securities and Exchange Commission (SEC) has approved the conversion of Grayscale\u2019s Digital Large Cap Fund (GDLC) into a spot exchange-traded...","_links":{"self":[{"href":"https:\/\/baiwp.com\/nl\/wp-json\/wp\/v2\/posts\/6868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baiwp.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baiwp.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baiwp.com\/nl\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/baiwp.com\/nl\/wp-json\/wp\/v2\/comments?post=6868"}],"version-history":[{"count":0,"href":"https:\/\/baiwp.com\/nl\/wp-json\/wp\/v2\/posts\/6868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/baiwp.com\/nl\/wp-json\/wp\/v2\/media\/6869"}],"wp:attachment":[{"href":"https:\/\/baiwp.com\/nl\/wp-json\/wp\/v2\/media?parent=6868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baiwp.com\/nl\/wp-json\/wp\/v2\/categories?post=6868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baiwp.com\/nl\/wp-json\/wp\/v2\/tags?post=6868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}