Grayscale wins SEC nod as five coin ETF eyes $1B and challenges Bitcoin giants

Grayscale Investments has secured approval from the US Securities and Exchange Commission (SEC) to uplist its Digital Large Cap Fund (GDLC) as an exchange-traded fund. The product, which holds a basket of Bitcoin, Ethereum, XRP, Cardano, and Solana, is scheduled to begin trading on Sept. 19, according to Bloomberg ETF analyst Eric Balchunas. The approval The post Grayscale wins SEC nod as five coin ETF eyes $1B and challenges Bitcoin giants appeared first on CryptoSlate.