Featured News Headlines
US SEC Approves Generic Spot Crypto ETF Standards, Paving Way for Multi-Crypto Investments
SEC Approves – On Wednesday, the U.S. Securities and Exchange Commission (SEC) took a landmark step in crypto regulation by approving generic listing standards for spot crypto ETFs. This framework eliminates the cumbersome case-by-case 19b-4 approval process, speeding up market access for multiple digital asset ETFs in the coming weeks.
Grayscale’s Multi-Crypto Milestone
Grayscale immediately seized the opportunity. Its Digital Large Cap Fund (GDLC) received approval under the new standards, making it the first multi-crypto ETP in the United States. The GDLC fund will trade a portfolio of Bitcoin, Ethereum, XRP, Solana, and Cardano.
“The Grayscale team is working expeditiously to bring the FIRST multi-crypto asset ETP to market,” stated CEO Peter Mintzberg, highlighting the historic nature of the approval. This marks a significant shift toward diversified crypto products rather than single-asset ETFs.
Altcoins Enter the Spotlight
The new SEC standards allow around 12–15 cryptocurrencies to qualify for spot ETF consideration, contingent on at least six months of regulated futures trading on Coinbase Derivatives. Tokens such as Dogecoin (DOGE), Litecoin (LTC), and Chainlink (LINK) now meet the criteria, alongside those in Grayscale’s GDLC.
Solana, for instance, became eligible as of August 19, six months after SOL futures launched. Community liaisons and analysts anticipate ETFs for LINK, LTC, and HBAR, signaling a potential surge in regulated crypto investment options.
A Turning Point for Mainstream Crypto Access
Analysts view the SEC’s move as a milestone for broader adoption and market maturity, providing clarity and accessibility for investors. The generic standards reduce friction for diversified exposure, opening the door to a new wave of crypto ETFs covering a dozen or more altcoins.
As ETF analyst James Seyffart put it, “We’re gonna be off to the races in a matter of weeks,” underscoring the imminent expansion of regulated multi-crypto investment vehicles in the U.S. market.
