SEC Approves Grayscale Multi-Asset Spot Crypto ETF

The U.S. Securities and Exchange Commission on 1 July approved Grayscale Investments’ proposal to convert its Digital Large Cap Fund into a spot exchange-traded fund, according to multiple crypto-industry publications. The new vehicle will hold Bitcoin, Ether, XRP, Solana and Cardano, offering investors diversified exposure to five of the market’s most-traded digital assets.

The decision comes a day after the agency formally acknowledged Grayscale’s amended filing and represents the first clearance of a multi-asset spot crypto ETF in the United States. Market participants said the ruling could open the door for additional diversified digital-asset products, expanding access to cryptocurrencies through traditional brokerage channels.

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