SEC Approves Grayscale Multi-Asset Crypto ETF Including XRP, Solana, Cardano
Key Notes
- First US multi-crypto ETF approved following CoinDesk 5 Index with Bitcoin dominating at 80.20% allocation.
- XRP, Solana, and Cardano gain inaugural spot ETF access through Grayscale’s diversified digital asset fund.
- SEC amends Rule 8.500-E enabling index-based crypto portfolios with 85% previously approved asset requirement.
On July 1, 2025, the US Securities and Exchange Commission approved a rule change to allow the Grayscale Digital Large Cap Fund to be listed and traded as a spot exchange-traded fund (ETF) on NYSE Arca. The decision marks the first approval of a multi-asset crypto ETF in the United States and signals growing acceptance of regulated digital asset baskets.
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