SEC Greenlights Grayscale’s GDLC Fund – Here’s Why It’s a Game-Changer

Wall Street meets crypto—again. The SEC just approved Grayscale's GDLC fund, marking another seismic shift in digital asset adoption.

What's in the box?

Grayscale's Digital Large Cap Fund bundles top cryptocurrencies into a single, regulated product. Think of it as an ETF for the crypto-curious—minus the technical headaches of self-custody.

Why it matters

Institutional money now has a smoother on-ramp. Pension funds, hedge funds, and your conservative uncle can finally dabble in digital assets without touching a private key. It legitimizes the space while expanding its investor base dramatically.

The fine print

This isn't retail-friendly—yet. High minimums and regulatory hurdles keep Main Street at arm's length. But it's a step toward broader acceptance, even if the SEC still moves at bureaucratic speed.

Bottom line: Traditional finance keeps co-opting crypto's innovations—while somehow still claiming they're 'disruptive.' Classic.

Grayscale Races to Launch the First Multi-Asset Crypto ETP

According to Grayscale CEO Peter Mintzberg, the Grayscale Digital Large Cap Fund ($GDLC) and the Generic Listing Standards have just been approved for trading.

Grayscale Digital Large Cap Fund $GDLC was just approved for trading along with the Generic Listing Standards. The Grayscale team is working expeditiously to bring the *FIRST* multi #crypto asset ETP to market with Bitcoin, Ethereum, XRP, Solana, and Cardano#BTC #ETH $XRP $SOL…

The Grayscale Digital Large Cap Fund (GDLC) is the first multi-asset crypto Exchange-Traded Product (ETP). It includes Bitcoin (BTC), ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).

As of September, the portfolio allocation was 72.23%, 12.17%, 5.62%, 4.03%, and 1% respectively.

Grayscale Investments launched GDLC in 2018. The fund’s primary goal is to expose investors to the most significant digital assets in the market without requiring them to buy, store, or secure the coins directly.

In July, the SEC delayed its decision to convert GDLC from an OTC fund into an exchange-listed ETP on NYSE Arca, citing further review.

However, the latest developments raise investors’ hopes that a multi-asset crypto ETP from Grayscale will soon become a reality. Approval under the Generic Listing Standards will help “streamline the process,” opening the door for more crypto ETPs.

Ethereum, Solana, XRP, and ADA investors are the most enthusiastic about this SEC decision. They are also anticipating dedicated ETFs for each altcoin.

“Holds BTC, ETH, XRP, SOL, & ADA,” Nate Geraci, Co-Founder of the ETF Institute said.

Grayscale is not the only firm in the spotlight. Bitwise is also awaiting SEC approval to convert its Bitwise 10 Crypto Index Fund (BITW) into an ETF. BITW covers a broader range of crypto assets than GDLC. Analysts expect Bitwise to be the next candidate to receive approval.

These positive regulatory moves coincide with the Federal Reserve’s decision to cut interest rates by 25 basis points. They have boosted investor sentiment and strengthened expectations for an extended altcoin season.