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The U.S. SEC approved Grayscale's Digital Large Cap Fund to convert to an ETF.
According to Gate News bot, the U.S. Securities and Exchange Commission (SEC) has approved an amendment allowing the Grayscale Digital Large Cap Fund to convert into an exchange-traded fund (ETF). This conversion involves multiple crypto assets, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA). This decision marks a further recognition of cryptocurrency investment products in the traditional financial market.