The U.S. Securities and Exchange Commission has approved the conversion of the Grayscale Digital Large Cap Fund into an ETF (BTC, ETH, XRP, SOL, and ADA).
In simpler terms, it means that an index fund from Grayscale has been approved to convert into an ETF, which includes BTC (80.20%), ETH (11.39%), SOL (2.78%), XRP (4.82%), and ADA (0.81%).
Not all of these tokens have been approved for a spot ETF.
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