The US Stock Exchange and the Securities Commission (SEC) were approved today, July 1st. This is the launch of a new Quotes Background (ETF) that combines exposure to digital assets Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA).
That’s about Grayscale Digital Large Cap Fund (GDLC), managed by Grayscale InvestmentsFunds already cited in secondary markets whose structure has been changed to meet estimation requirements such as ETFs.
The portfolio below is: Bitcoin (80,2%), Ether (11,39%), XRP (4,82%), Solana (2,78%), Y Cardano (0,81%). Positions are restructured quarterly and can be adjusted if the SEC approves or disapproves new cryptocurrencies as ETF-based.
The fund is the first to be approved by the SEC for a combination of cryptocurrency beyond Bitcoin and Ether. spot. However, in the case of GDLC, 85% of assets must remain components previously approved by the SEC. This guarantees that Bitcoin and Ether are dominant, but XRP, Solana and Cardano exist, but are limited to 15% of the fund.
The custodian of assets will be Coinbase Custody Trust Companymany Custody of existing ETFs are also custodying BTC and ETH, as reported by Cryptootics.
The fund’s accelerated approval marks a new milestone for institutional and retail investors seeking diversification within the ecosystem through regulated vehicles. By including XRP, Solana and Cardano generated comments split during the public consultation period, The SEC concluded that a 15% limit on these assets, combined with monitoring and transparency mechanisms, could meet stock market requirements.
