Grayscale receives Green Light from the sec to launch BTC -based product, ETH, XRP, SOL and ADA

This would be the first background “Multi-written” approved by the Sec, which establishes a precedent for future similar products in the US stock market.

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• The Sec approves the Grayscale Digital Large Cap Fund (GDLC) as the first multi-writing ETP.
• The fund offers exposure to Bitcoin, Ethereum, XRP, Solana and Cardano.
• The approval coincides with new accelerated standards for Crypto ETFs in the US.

The United States Stock Exchange and Securities Commission (SEC) approved the first product quoted in the stock market (ETP) “Multi-written” of Grayscale, marking a key advance in the integration of digital assets with traditional financial markets.

First multi-designed background approved by the Sec

Peter Mintzberg, executive director of Grayscale, shared the announcement yesterday through a message on his X account, where he indicated that the Sec gave green light to Grayscale Digital Large Cap Fund (GDLC). As indicated, the GDLC It becomes the first multi-written ETP available in the market, offering exposure to Bitcoin, Ethereum, XRP, Solana and Cardano.

Grayscale Digital Large Cap Fund $ GDLC Was Just Approved for Trading Along With The Generic Listing Standards. The Grayscale Team Is Working Expeditiously To Bring The * First * Multi #Crypto Asset Etp to Market with Bitcoin, Ethereum, XRP, Solana, and Cardano#Btc #Eth $ XRP $ Sun…

– Peter Mintzberg (@petermintzberg) SEPTEMBER 17, 2025

Mintzberg thanked the team of the Sec specialized in cryptocurrencies for your “Unique effort to provide regulatory clarity” to the sector. In July, the Sec had postponed his decision about the conversion of GDLC – an extraburstable background – in an ETP negotiated in NYSE ARCA To review it in more detail.

According to the official site of Grayscale, he GDLC It has a net liquidative value of USD $ 57.70 per share and manages more than USD $ 915 million in assets. The approval, therefore, reinforces the position of the administrator as one of the most relevant digital asset managers in the market.

Grayscale: First multi-written ETP approved by the SEC
GDLC offers exposure to BTC Eth XRP SOL ADA
NAV $ 57.70, Assets> $ 915m
Approval coincides with generic accelerated listing standards pic.twitter.com/2nc5buspoq

– Diario ฿ Itcoin (@diariobitcoin) SEPTEMBER 18, 2025

New regulation for crypto ETFs

The decision of the Sec coincided with the approval, in “Accelerated procedure”, of generic listing standards for cryptocurrency ETFs. This regulatory change simplifies the processes, reduces barriers and could accelerate the arrival of dozens of crypto funds to the US market.

Paul Atkins, president of the Sec, affirmed in a statement that “This approval maximizes the choice of investors and encourages innovation by speeding up the listing process and reducing barriers to access digital asset products in the United States confidence capital markets.”

According to the senior analyst of ETFs of Bloomberg, Eric Balchunas, the last time generic listing standards for ETFS were implemented “The launches tripled”. In his opinion, there is “A good possibility that we see more than 100 crypto ethfs launched in the next 12 months”including some that track cryptocurrencies such as XRP, Sun and Doge.

Context for the crypto sector

This approval represents a deep change for crypto fund emitters, which have faced prolonged regulatory processes and obstacles to listing products in US bags. With the new standards and the precedent of the GDLC, The market could open to a greater diversity of digital assets, benefiting institutional and retail investors interested in diversifying their exhibition.

In addition, the movement of the Sec Send a signal of greater regulatory certainty for companies and developers that seek to integrate digital assets into traditional financial products. The greatest rapidity in approval can encourage innovation and attract more capital to the sector.

He GDLC Not only extends the existing offer, but also reinforces the narrative that digital assets are consolidating as a legitimate and regulated investment class in the United States. Diversified exhibition to Bitcoin, Ethereum, XRP, Solana and Cardano.under the supervision of the Sec, It could increase market trust and accelerate institutional adoption.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, Created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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