Having only small allocations to alternative coins might help their conversion bids even if the SEC hasn’t individually approved each asset for an ETF,” the Bloomberg analysts previously explained.
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SEC greenlights Grayscale crypto index fund conversion to ETF
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James Seyffart and Eric Balchunas, Bloomberg analysts, projected SEC approval for crypto fund conversions like GDLC and BITW, noting that small allocations to altcoins could still be allowed even without explicit approval for each asset
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