SEC Acknowledges Grayscale’s Multi-Asset Spot ETF Proposal Including XRP
The U.S. Securities and Exchange Commission (SEC) has recently acknowledged Grayscale’s application to convert its Digital Large Cap Fund (GDLC) into a multi-asset spot exchange-traded fund (ETF), which would be the first of its kind in the U.S. if approved. This fund includes major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Avalanche (AVAX), aiming to provide broad exposure across top digital assets.