SEC Approves Grayscale’s Multi-Crypto Fund with BTC, ETH, XRP, SOL, and ADA

Grayscale’s Digital Large Cap Fund (GDLC) for trading, which includes BTC, ETH, XRP, SOL, and ADA, was approved by the Securities and Exchange Commission, making it the first multi-crypto asset Exchange-Traded Product (ETP) in the United States. Coinciding with the adoption of the Generic Listing Standards for crypto ETFs, the approval was announced by Peter Mintzberg, the CEO of Grayscale, via his X (Twitter) post.

The crypto industry considers this a pivotal move, boosting institutional adoption and providing traditional investors with easier access to a diversified basket of digital assets through standard brokerage accounts. Barry Silbert, the founder of Digital Currency Group, tweeted that Grayscale, as the first mover, drives new product innovations that bridge TradFi and digital assets.

SEC to Approve More Crypto ETFs by October 2025

Due to the SEC’s new Generic Listing Standards, ETFs that have been delayed for a long time are expected to get approval soon. It allows eligible exchange-traded products to get fast approval through the regulatory framework under Rule 6c-11. ETFs qualify for fast listing if the assets are traded with surveillance-sharing agreements and have CFTC-regulated futures contracts for at least six months.

At present, around 15 cryptocurrencies, including the prominent ones, meet the requirements of the SEC. Also, major exchanges like Nasdaq, NYSE Arca, and Cboe BZX will be able to list qualifying crypto ETFs without requiring individual SEC sign-off for each product. Among the products, the most awaited ETFs include:

• VanEck’s Solana Trust ETF – October 10, 2025
• Grayscale’s Cardano Trust ETF – October 26, 2025
• Grayscale’s XRP ETF – October 18, 2025
• Bitwise Dogecoin (DOGE) ETF – Q4 2025

Also Read: SEC Listing Rules to Boost Crypto ETFs

Grayscale’s Multi-Crypto Fund Includes BTC, ETH, XRP, SOL, and ADA

Grayscale Digital Large Cap Fund, which is currently in the OTC market, has $915 million worth of assets under management. 72.23% of it consists of BTC, and the remaining assets include Ethereum (17.12%), XRP (5.62%), Solana (4.03%), and Cardano (1.00%). More details follow.

Crypto Market Scenario Today: September 18th, 2025

The ETF momentum, along with the regulatory clarity and the reserve push, has stabilized the institutional participation, increasing long-term bullish optimism in the entire crypto market. Crypto continues its market capitalization above $4 trillion, with 57% BTC dominance and 13.5% Ethereum dominance.

• Fear & Greed Index – Neutral (51)
• MACD – Bullish
• RSI-7 – 76 (Overbought)
• Bitcoin Dominance – 57%
• Ether Dominance – 13.5%
• Crypto ETFs Net Flow – -$55.20 million
• Altcoin Season – 71/100