Grayscale launches first multi-crypto ETF in US following SEC approval

Grayscale launches first multi-crypto ETF in US following SEC approval

By Proactive Investors
Grayscale Investments has received approval from the US Securities and Exchange Commission (SEC) to launch the country's first exchange-traded fund offering exposure to multiple cryptocurrencies. The Grayscale CoinDesk Crypto 5 ETF (GDLC) started trading on Friday on NYSE Arca, tracking Bitcoin, Ethereum, XRP, Solana, and Cardano.

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**Grayscale Launches Historic Multi-Cryptocurrency ETF Following SEC Approval**

Grayscale Investments has achieved a groundbreaking milestone in cryptocurrency investing with the SEC's approval of America's first multi-crypto exchange-traded fund. The **Grayscale CoinDesk Crypto 5 ETF (GDLC)** began trading Friday on NYSE Arca, offering institutional and retail investors diversified exposure to five major digital assets: **Bitcoin**, **Ethereum**, **XRP**, **Solana**, and **Cardano**.

This landmark approval represents a significant evolution in cryptocurrency accessibility, moving beyond single-asset Bitcoin ETFs to provide broader blockchain ecosystem exposure. The fund democratizes crypto investing by eliminating the complexity of managing multiple digital wallets and private keys while maintaining regulatory compliance.

The launch signals growing institutional adoption and regulatory acceptance of cryptocurrency investments in traditional financial markets. Investors can now gain exposure to leading DeFi protocols, smart contract platforms, and payment networks through a single, regulated investment vehicle.

This development could accelerate cryptocurrency mainstream adoption and potentially drive increased institutional capital flows into the digital asset space, marking a pivotal moment for the crypto industry's integration with traditional finance.

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Market Sentiment
negative
Category
bitcoin
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Bitcoin#Ethereum#Regulation#Institutional

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