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

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 in...

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

Source: CryptoSlate

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. According to a July 1 filing, the ETF will issue trust units that track a basket of the five largest […]