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1h ago

SEC Approves Grayscale’s GDLC, First U.S. Multi‑Crypto ETP, for NYSE Arca Listing

The regulator simultaneously adopted generic listing standards to streamline approvals.

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Grayscale's Digital Large Cap Fund approved for trading with new listing standards
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Overview

  • GDLC is positioned to begin trading as soon as Friday, according to reporting from Decrypt and Bloomberg ETF analysts.
  • The exchange-traded product bundles Bitcoin, Ethereum, XRP, Solana and Cardano, offering regulated diversified exposure in a single vehicle.
  • Current fund metrics show roughly $915 million to $931 million in assets and a net asset value near $57.70 per share, with weights of about 72% Bitcoin and 17% Ethereum.
  • The SEC’s new generic standards for commodity-based products are expected by analysts to catalyze a wave of crypto ETP launches, with some forecasting 100 or more over the next year.
  • Grayscale CEO Peter Mintzberg credited the SEC’s Crypto Task Force and said the team is moving quickly, after a July pause and the firm’s earlier court win that helped open the door for spot Bitcoin ETFs; separate Dogecoin and XRP funds from other issuers began trading under different rules.