Crypto ETF summer on the horizon as SEC approves Grayscale’s Digital Large Cap and Rex-Osprey Solana ETFs
- The US SEC has approved the conversion of Grayscale’s Digital Large Cap Fund into an ETF.
- The regulator has also allegedly approved Rex-Osprey SOL + Staking ETF, which could begin trading on Wednesday.
- The SEC is reportedly developing generic criteria for listing token-based ETFs to bypass the 19b-4 filing procedure.
The Securities & Exchange Commission (SEC) on Tuesday approved Grayscale’s request to convert its Digital Large Cap Fund into an exchange-traded fund (ETF). The approval comes as Rex-Osprey prepares to launch its Solana (SOL) staking ETF, which aims to provide spot price exposure to SOL while also offering staking rewards.
Crypto ETFs see SEC greenlight amid boost in approval odds
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