The Securities and Exchange Commission (SEC) has taken a significant step forward in cryptocurrency investment accessibility by approving Grayscale’s Digital Large Cap Fund (GDLC) for listing and trading on NYSE Arca. Additionally, the regulator has greenlit p.m.-settled options on the Cboe Bitcoin U.S. ETF Index and the Mini-Cboe Bitcoin U.S. ETF Index.
🔥 JUST IN: The SEC approves the listing and trading of Grayscale Digital Large Cap Fund covering $BTC, $ETH, $XRP, $SOL and $ADA as well as p.m.-settled options on the Cboe Bitcoin U.S. ETF Index and the Mini-Cboe Bitcoin U.S. ETF Index. pic.twitter.com/zHY6hFLLkU
— Cointelegraph (@Cointelegraph) September 18, 2025
Grayscale’s Groundbreaking Multi-Asset ETF
The GDLC fund, managing approximately $755 million in assets, offers investors exposure to five major cryptocurrencies. Bitcoin dominates the portfolio with an 80% allocation, while Ethereum, XRP, Solana, and Cardano make up the remaining portions. This conversion from a traditional investment fund to a spot ETF marks a crucial development in making cryptocurrency investments more accessible to mainstream investors.
Market Impact and Future Implications
This approval represents a major milestone for the cryptocurrency industry. The GDLC will become the world’s largest multi-token digital asset ETF, according to CoinDesk Indices head of product and research Andy Baehr. The development could pave the way for additional single-asset spot ETFs tied to cryptocurrencies like XRP, Solana, and other digital assets. Market analysts have noted strong institutional interest, with crypto asset manager Bitwise next in line for potential SEC approval of their own multi-token fund.
The combination of spot ETF approvals and Bitcoin index options provides investors with more sophisticated tools for cryptocurrency exposure. These developments signal growing mainstream acceptance of digital assets and could attract new institutional investors to the crypto market.
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