SEC to rule on Grayscale’s proposal to convert Bitcoin, Ether, XRP, and ADA large-cap fund into a spot ETF this week

Explore key highlights within the DeFi area. This article dives into: “SEC to rule on Grayscale’s proposal to convert Bitcoin, Ether, XRP, and ADA large-cap fund into a spot ETF this week”.

Key Takeaways

• The SEC has acknowledged Grayscale’s amended submitting to convert its giant cap fund into a spot crypto ETF.
• The proposed ETF will observe main cryptocurrencies together with BTC, ETH, XRP, SOL, and ADA.

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The US SEC has till Wednesday, July 2, to rule on Grayscale’s request to convert its Digital Large Cap Fund (GDLC) into a spot exchange-traded product (ETF), Bloomberg ETF analysts beforehand famous.

Grayscale’s GDLC fund is designed to observe a combine of 5 main crypto belongings, with the majority in Bitcoin (80.8%) and the remainder unfold throughout Ethereum (11.07%), XRP (4.63%), Solana (2.75%), and Cardano (0.75%).

As of June 27, the fund had practically $762 million in belongings underneath administration, in accordance to an replace on Grayscale’s web site.

Grayscale’s revised S-3 submitting to convert GDLC into a spot ETF was acknowledged by the SEC on Monday.

The acknowledgment comes amid elevated exercise within the crypto ETF area, with the SEC presently evaluating a number of spot crypto functions from main monetary establishments. The submitting represents Grayscale’s newest effort to develop its crypto funding choices past its flagship Bitcoin and Ethereum belief merchandise.

According to ETF Store President Nate Geraci, the modification displays the SEC’s ongoing engagement with Grayscale relating to its proposed conversion of the GDLC fund.

Final SEC deadline this week on Grayscale Digital Large Cap ETF (GDLC)…

Holds btc, eth, xrp, sol, & ada.

Think *excessive chance* this is accredited.

Would then be adopted later by approval for particular person spot ETFs on xrp, sol, ada, and so on.

— Nate Geraci (@NateGeraci) June 29, 2025

Geraci believes there’s a robust probability the SEC will greenlight the applying. If GDLC is accredited, it may pave the best way for single-asset spot ETFs tied to XRP, Solana, Cardano, and others, that are topic to a extra in depth assessment timeline.

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