Cardano Founder Celebrates SEC Green Light for Grayscale’s GDLC ETF Conversion Featuring ADA

SEC just handed Grayscale a win—converting GDLC into an ETF with Cardano's ADA in the mix. Charles Hoskinson isn't just smiling; he's practically cheering from the rooftops.

Why This Move Matters

Grayscale's GDLC basket now wraps ADA alongside other majors, signaling regulators might be warming to 'altcoins'—or at least not shutting them out. No new data, but the inclusion itself screams legitimacy.

The Bigger Picture

Another crypto ETF approval? Wall Street's slowly realizing that blocking digital assets is like trying to stop the internet with a fax machine. Finance traditionalists, meet irrelevance.

Hoskinson's victory lap isn't just ego—it's a nod that Cardano's playing in the big leagues now. Whether this pumps ADA or not, it's one more step toward making crypto boring... and profitable.

Cardano founder Charles Hoskinson has applauded the SEC's approval of Grayscale's Digital Large Cap Fund (GDLC) conversion into an ETF. For context, this Grayscale fund holds ADA, along with other high-caliber crypto assets such as XRP, Ethereum, Solana, and Bitcoin.

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