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- 🎉【Gate Singapore Flagship Event · Square Fun Quiz Challenge Day 1】
#TOKEN2049# is just around the corner, and Gate is bringing the heat to Singapore!
Token of Love Music Festival, Gate x Oracle Red Bull Racing Reception, and the F1 Race Viewing are all set to roll out!
Join Square Fun Quiz Challenge now, test how much you know about the events and share $100 BTC in rewards!
To join: Comment your answers (format: 1B 2A 3B 4C)
🎁 Rewards: 3 lucky winners each day → $10 BTC each
👑 Bonus: Answer all questions correctly for 3 days → Extra $10 BTC for Super Quiz King!
📖 Day 1 · Quiz (Single Choic - 💥 Gate Square Event: #SOMI Creative Contest# 💥
Post original content related to SOMI or CandyDrop #76 on Gate Square for a chance to share 180 SOMI rewards!
CandyDrop 76: CandyDrop x Somnia (SOMI)👉 https://www.gate.com/announcements/article/46912
📅 Event Period: Sep 8, 2025 – Sep 15, 2025
📌 How to Participate:
Post original content related to SOMI or the CandyDrop event
Minimum 80 words
Add hashtag: #SOMI Creative Contest#
Include CandyDrop participation screenshot
🏆 Rewards:
🥇 1st Prize (1 winner): 60 SOMI
🥈 2nd Prize (3 winners): 30 SOMI each
🥉 3rd Prize (6 winners): 10 SOMI each
(T - 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
Brain challenge, guess and win rewards!
5 lucky users with the correct answers will share $50 GT! 💰
Join:
1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Drop your answer in the comments
📅 Ends at 16:00, Sep 17 (UTC)
The US SEC has approved the Grayscale Digital Large Cap Fund to be listed on the New York Stock Exchange Arca ETF.
Gate News bot news, according to Bitcoin News, the SEC ( approved a rule change on July 1, allowing Grayscale Digital Large Cap Fund LLC to convert into a Spot ETF ), paving the way for its shares to be listed on the NYSE Arca.
This decision will transform the fund from a traditional cryptocurrency investment vehicle into a fully regulated Spot ETF under the revised NYSE Arca Rule 8.500-E. This transition marks a critical step in the regulatory framework for digital asset ETFs, providing a broader investment channel for cryptocurrencies through traditional financial infrastructure.
The fund is currently operated in the form of a spot ETF, tracking the Coindesk 5 index, which includes Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cardano (ADA).
The document states that as of the date of the release of Amendment No. 1, the fund's constituent stocks and their weights are Bitcoin (80.20%), Ethereum (11.39%), Solana (2.78%), XRP (4.82%), and Cardano (0.81%).
The SEC requires that at least 85% of the fund's assets be cryptocurrencies that support exchange-traded products approved by the authorities. The remaining portion can include other digital assets as long as the portfolio remains compliant. If the threshold is breached or there is a risk of breaching it, the fund manager must rebalance or suspend trading to maintain compliance and manage risks.
The amendment to Rule 8.500-E expands the eligibility of trust units to include limited liability companies and removes the requirement that the fund must be a commodity pool. These changes support a broader cryptocurrency ETF structure while retaining safeguards such as market oversight and transparency. The ETF will calculate its net asset value using the Coindesk reference rate at 4:00 PM Eastern Time each day, allowing authorized participants to issue and redeem shares in blocks of 10,000 for cash.
The SEC emphasized that despite structural adjustments, investor protection measures remain effective.