SEC approved Grayscale conversion: Digital Large Cap Fund becomes a spot ETF for Bitcoin, Ethereum, XRP, Solana and Cardano.

Von Krypto News Österreich

SEC genehmigt Grayscale-Umwandlung: Digital Large Cap Fund wird zum Spot-ETF Die Securities and Exchange Commission (SEC) hat die Umwandlung des Grayscale Digital Large Cap Funds genehmigt. Dieser Schritt ist von großer Bedeutung für die Kryptowährungsindustrie, da der Fonds nun als Spot-ETF agiert. Der Grayscale Digital Large Cap Fund verfolgt eine Benchmark, die sich aus den …
SEC approved Grayscale conversion: Digital Large Cap Fund becomes a Spot-ETF The Securities and Exchange Commission (SEC) has approved the conversion of the Grayscale Digital Large Cap Funds. This step is of great importance for the cryptocurrency industry, since the fund now acts as a spot ETF. The Grayscale Digital Large Cap Fund follows a benchmark that is from the ... (Symbolbild/KNAT)

sec approves Grayscale conversion: Digital Large Cap Fund becomes a spot-ETF

The Securities and Exchange Commission (SEC) approved the conversion of the Grayscale Digital Large Cap Fund. This step is of great importance for the cryptocurrency industry, since the fund now acts as a spot ETF. The Grayscale Digital Large Cap Fund is pursuing a benchmark that is composed of the five leading cryptocurrencies: Bitcoin, Ethereum, XRP, Solana and Cardano.

The approval of the SEC is a milestone that strengthens trust in the regulated cryptom market. A spot ETF enables investors to invest directly in the underlying digital assets without having to own or manage them themselves. This lowers potential risks and simplifies the investment process for many investors.

The intake of leading cryptocurrencies such as Bitcoin and Ethereum is particularly remarkable because these digital currencies play a central role in the crypto ecosystem. XRP, Solana and Cardano complement the portfolio of the fund and offer investors diversified possibilities in a constantly changing market.

With the approval of the SEC, it is expected that the demand for the Grayscale Digital Large Cap Fund as a spot ETF is expected. This could lead to a broader acceptance of cryptocurrencies and represents a further step towards a regulated and institutionalized market.

Overall, the conversion of the GrayScale Digital Large Cap Fund into a Spot ETF is an important event and could have far-reaching effects on investment behavior in the field of digital assets.