The SEC is poised to make a significant decision regarding Grayscale Investments’ proposal to convert its Digital Large Cap Fund (GDLC) into an ETF, with a deadline of July 2. The fund manages approximately $730 million, primarily in bitcoin and ether, but also includes tokens like XRP, Solana (SOL), and Cardano (ADA). Analysts suggest the SEC may approve these index products based on the small allocation of alternative tokens. Grayscale ETF head David LaValle anticipates that a multi-token offering will be the next crypto ETF to market. Meanwhile, the SEC is also reviewing other single-asset spot crypto ETFs. The rapid inflow into existing bitcoin and ether ETFs—$47 billion for bitcoin and $4 billion for ether—highlights the growing interest in cryptocurrency. Hashdex CIO Samir Kerbage emphasizes the potential benefits of broader crypto market exposure. Anticipation remains high as the sector awaits forthcoming SEC approvals by the end of the year, suggesting an evolving framework for crypto ETFs in the near future.

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