Grayscale GDLC Fund now trades on NYSE Arca, providing investors diversified access to Bitcoin, Ether, XRP, Solana, and Cardano.
The SEC also authorized p.m.-settled options on the Cboe Bitcoin ETF Index and Mini-Cboe Bitcoin ETF Index.
GDLC holds $915 million in assets with a $57.70 net asset value, offering regulated crypto exposure for all investors.
The SEC has approved the listing and trading of Grayscale’s Digital Large Cap Fund (GDLC), covering Bitcoin, Ether, XRP, Solana, and Cardano. The fund will also offer p.m.-settled options on the Cboe Bitcoin U.S. ETF Index and Mini-Cboe Bitcoin U.S. ETF Index.
GDLC Fund Provides Multi-Crypto Exposure
Grayscale’s GDLC Fund allows investors to access five leading cryptocurrencies in a single, regulated product. Bitcoin, Ether, XRP, Solana, and Cardano are included, offering diversified exposure to the digital asset market. Currently, the fund manages over $915 million in assets, with a net asset value of $57.70 per share.
The SEC’s approval converts GDLC from an over-the-counter fund into a publicly traded exchange-traded product on NYSE Arca. This transition provides both retail and institutional investors with broader access to major cryptocurrencies.
Grayscale CEO Peter Mintzberg confirmed the approval on X (formerly Twitter), expressing gratitude to the SEC’s Crypto Task Force. The announcement marks a milestone after months of regulatory review and delays in the fund’s ETP listing process.
Options Trading on Cboe ETF Indexes
Alongside GDLC, the SEC approved p.m.-settled options on the Cboe Bitcoin U.S. ETF Index and Mini-Cboe Bitcoin U.S. ETF Index. This allows investors to trade derivative products linked to Bitcoin ETFs under a regulated framework.
The introduction of options enhances market flexibility and risk management opportunities. It provides additional tools for investors to participate in the growing U.S. crypto investment landscape.
SEC Chair Paul Atkins emphasized that the approval supports innovation and maximizes investor choice. The move aligns with the SEC’s broader efforts to standardize and streamline crypto ETF approvals.
Market Trends and Investor Access
Despite regulatory progress, U.S. spot Bitcoin ETFs recorded a net outflow of $51.28 million on September 17, following seven consecutive days of inflows. Ethereum ETFs also experienced a $1.89 million net outflow, with Fidelity’s FETH leading withdrawals at $29.19 million.
The GDLC Fund now offers a regulated route for diversified crypto exposure, combining multiple major digital assets in a single fund. Investors can now participate in multi-crypto trading on traditional U.S. exchanges.
With p.m.-settled options also approved, both direct fund investors and derivatives traders gain new opportunities. This framework opens avenues for structured trading strategies in the U.S. crypto market.
The post SEC Approves Grayscale GDLC Fund Covering $BTC, $ETH, $XRP, $SOL, $ADA appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Grayscale GDLC Fund now trades on NYSE Arca, providing investors diversified access to Bitcoin, Ether, XRP, Solana, and Cardano.
The SEC also authorized p.m.-settled options on the Cboe Bitcoin ETF Index and Mini-Cboe Bitcoin ETF Index.
GDLC holds $915 million in assets with a $57.70 net asset value, offering regulated crypto exposure for all investors.
The SEC has approved the listing and trading of Grayscale’s Digital Large Cap Fund (GDLC), covering Bitcoin, Ether, XRP, Solana, and Cardano. The fund will also offer p.m.-settled options on the Cboe Bitcoin U.S. ETF Index and Mini-Cboe Bitcoin U.S. ETF Index.
GDLC Fund Provides Multi-Crypto Exposure
Grayscale’s GDLC Fund allows investors to access five leading cryptocurrencies in a single, regulated product. Bitcoin, Ether, XRP, Solana, and Cardano are included, offering diversified exposure to the digital asset market. Currently, the fund manages over $915 million in assets, with a net asset value of $57.70 per share.
The SEC’s approval converts GDLC from an over-the-counter fund into a publicly traded exchange-traded product on NYSE Arca. This transition provides both retail and institutional investors with broader access to major cryptocurrencies.
Grayscale CEO Peter Mintzberg confirmed the approval on X (formerly Twitter), expressing gratitude to the SEC’s Crypto Task Force. The announcement marks a milestone after months of regulatory review and delays in the fund’s ETP listing process.
Options Trading on Cboe ETF Indexes
Alongside GDLC, the SEC approved p.m.-settled options on the Cboe Bitcoin U.S. ETF Index and Mini-Cboe Bitcoin U.S. ETF Index. This allows investors to trade derivative products linked to Bitcoin ETFs under a regulated framework.
The introduction of options enhances market flexibility and risk management opportunities. It provides additional tools for investors to participate in the growing U.S. crypto investment landscape.
SEC Chair Paul Atkins emphasized that the approval supports innovation and maximizes investor choice. The move aligns with the SEC’s broader efforts to standardize and streamline crypto ETF approvals.
Market Trends and Investor Access
Despite regulatory progress, U.S. spot Bitcoin ETFs recorded a net outflow of $51.28 million on September 17, following seven consecutive days of inflows. Ethereum ETFs also experienced a $1.89 million net outflow, with Fidelity’s FETH leading withdrawals at $29.19 million.
The GDLC Fund now offers a regulated route for diversified crypto exposure, combining multiple major digital assets in a single fund. Investors can now participate in multi-crypto trading on traditional U.S. exchanges.
With p.m.-settled options also approved, both direct fund investors and derivatives traders gain new opportunities. This framework opens avenues for structured trading strategies in the U.S. crypto market.
The post SEC Approves Grayscale GDLC Fund Covering $BTC, $ETH, $XRP, $SOL, $ADA appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.