SEC approves Grayscale Index ETF conversion, clears Solana, XRP, Cardano for spot trading

Description

The Securities and Exchange Commission (SEC) has approved the proposal to convert the Grayscale Digital Large Cap Fund into an exchange-traded fund (ETF), completing the conversion of the crypto index product into an ETF structure.

Authors

Gino Matos

Publish date

July 1, 2025

Publisher

CryptoSlate

Related projects

U.S. Securities and Exchange Commission (SEC)

Grayscale

Web URL

https://cryptoslate.com/sec-approves-grayscale-index-etf-conversion-clears-solana-xrp-cardano-for-spot-trading

Referenced by

SEC approves Grayscale’s Digital Large Scale Fund ETF

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Bitwise filed a Form 19b-4 in November to uplist its $1.3 billion Bitwise 10 Crypto Index Fund (BITW) as an exchange-traded product

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Hashdex has also requested that the SEC broaden its Nasdaq Crypto Index US ETF to include seven additional altcoins, a step it says will precede a complete conversion of its diversified trust.

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