Grayscale’s GDLC Fund, holding BTC, ETH, XRP, SOL, and ADA, receives SEC approval to checklist on NYSE Arca, providing crypto publicity.
Grayscale’s Digital Massive Cap Fund (GDLC) holds main cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and Cardano. The U.S. SEC has permitted GDLC to checklist on NYSE Arca. This offers buyers regulated entry to a fund with prime digital property.
SEC Approval Paves the Means for NYSE Arca Itemizing
On September 17, 2025, the SEC formally granted approval for the itemizing and buying and selling of Grayscale’s Digital Massive Cap Fund (GDLC) on NYSE Arca.
The fund holds Bitcoin, Ethereum, XRP, Solana, and Cardano, with Bitcoin making up over 72% of the fund’s holdings. Ethereum follows with a 17% allocation, whereas XRP, Solana, and Cardano every signify smaller parts.
The approval is anticipated to facilitate better entry to those main cryptocurrencies for institutional buyers by means of a regulated ETF-like providing. Traders will be capable of acquire publicity to a diversified set of prime crypto property through this monetary product.
Grayscale’s transfer to scale back its Bitcoin allocation and enhance investments in ETH, XRP, SOL, and ADA can also be a part of a broader technique to preserve tempo with market developments and investor curiosity in these property.
Grayscale’s Position in Pushing Crypto ETF Growth
Grayscale has lengthy been a pacesetter within the crypto ETF area, and its latest approval marks a major step ahead. Earlier within the yr, Grayscale’s authorized battles helped push the SEC to rethink its stance on cryptocurrency ETFs.
ETF specialists, like Nate Geraci, have famous that Grayscale’s lawsuit was pivotal in bringing in regards to the approval of spot crypto ETFs. This might pave the best way for future multi-asset crypto ETFs that observe a wide range of digital property.
Grayscale Digital Massive Cap Fund $GDLC was simply permitted for buying and selling together with the Generic Itemizing Requirements. The Grayscale group is working expeditiously to deliver the *FIRST* multi #crypto asset ETP to market with Bitcoin, Ethereum, XRP, Solana, and Cardano#BTC #ETH $XRP $SOL… https://t.co/566zgTgynQ pic.twitter.com/eh081Pnwjj
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) September 18, 2025
The approval of GDLC for itemizing on NYSE Arca comes as a part of a broader pattern wherein the SEC is turning into extra receptive to cryptocurrency funding merchandise. The transfer follows months of deliberations, which included a brief keep on the approval earlier this yr, whereas the SEC reviewed its choices.
With the SEC now permitting the itemizing, the crypto funding panorama is prone to see extra regulated merchandise, making digital property extra accessible to institutional buyers.
New SEC Rule Allows Sooner Crypto ETF Approvals
A brand new SEC rule handed on the identical day as GDLC’s approval may result in quicker approval instances for future crypto ETFs. The SEC’s introduction of generic itemizing requirements for crypto ETFs reduces the approval course of from 240 days to 75 days.
These new requirements enable exchanges equivalent to NYSE Arca and Nasdaq to checklist and commerce commodity-based belief shares of eligible digital property with out the necessity for a 19b-4 type.
Based on Bloomberg ETF analysts, as much as 15 crypto property are actually eligible for quicker ETF approval below this new rule.
The accelerated approval course of is anticipated to pave the best way for the launch of greater than 100 crypto ETFs over the following yr. These modifications may assist deliver extra liquidity and investor curiosity to digital property, making crypto markets much more built-in into conventional finance.
With these new developments, Grayscale’s GDLC fund represents a pivotal second within the evolution of crypto-based monetary merchandise. It additionally indicators the rising regulatory acceptance of cryptocurrency as a viable asset class for institutional funding.