SEC receives Grayscale ETF amendment for major crypto assets

The SEC is actively reviewing Grayscale’s proposal to convert its Digital Large Cap Fund into an ETF, focusing heavily on major cryptocurrencies like Bitcoin and Ethereum. Successful approval could significantly shift investment dynamics and boost institutional engagement in the crypto market.

Nate Geraci, an ETF expert, emphasizes a high probability of approval, reflecting positive expectations across the industry. If approved, this ETF could enhance liquidity and legitimacy of cryptocurrencies, making them more accessible to traditional investors.

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