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Grayscale’s Digital Large-Cap Fund (GDLC) has officially been cleared for trading under the U.S. Securities and Exchange Commission’s (SEC) general listing standards for exchange-traded funds (ETFs). The approval marks another milestone in the integration of cryptocurrencies into mainstream financial markets.
CEO Peter Mintzberg announced the development on September 18 via X, confirming that the GDLC’s application to transition into an ETF had been accepted. This green light places Grayscale in a prime position to deliver one of the first multi-crypto ETFs in the United States, a move widely seen as a victory for the digital asset sector.
The upcoming ETF is expected to feature a diverse mix of leading cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA). Market watchers note that such a product could attract traditional investors seeking diversified exposure to digital assets, further legitimizing crypto as an investment class.
