Grayscale Gets SEC Nod for Landmark Crypto Basket Fund Featuring XRP, SOL, and ADA

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In a major win for the crypto industry, the SEC has approved Grayscale’s diversified fund for trading on national exchanges.

The Grayscale Digital Large Cap Fund (GDLC) will offer investors exposure to a basket of major cryptocurrencies—Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA)—all in a single trade.

Grayscale CEO Peter Mintzberg hailed the approval, thanking the “SEC Crypto Task Force for their… efforts in bringing the regulatory clarity our industry deserves.” The move paves the way for easier access to a broader range of crypto assets for mainstream investors.