Grayscale Investments has achieved a major milestone in the cryptocurrency world. On September 18, CEO Peter Mintzberg announced that the U.S. Securities and Exchange Commission (SEC) has officially approved Grayscale’s Digital Large-Cap Fund (GDLC) to be listed under the general standards for exchange-traded funds (ETFs). This decision marks a pivotal moment in the integration of digital assets into traditional financial markets.
GDLC to Become One of the First Multi-Crypto ETFs in the U.S.
The approval means that Grayscale can now convert its GDLC fund into a fully compliant multi-asset cryptocurrency ETF—a first of its kind in the United States. The ETF is expected to include a diversified portfolio of top cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA).
This move positions Grayscale at the forefront of digital asset innovation and broadens access for both institutional and retail investors. With the increasing demand for diversified crypto exposure, the GDLC ETF could serve as a gateway for more traditional investors to enter the crypto space without having to manage individual assets themselves.
What This Means for Crypto and Traditional Investors
Grayscale’s approval is more than just a win for the company—it’s a significant step forward for the entire crypto investment ecosystem. The ETF structure makes it easier for investors to gain regulated exposure to a basket of digital currencies, without the complexities of managing wallets or exchanges.
Market analysts believe this development could fuel further adoption of cryptocurrencies in mainstream portfolios, particularly among those who have been waiting for a safer, regulated entry point into the space. As a diversified product, the GDLC ETF also reduces risk compared to investing in single cryptocurrencies, which can be highly volatile.
With Grayscale paving the way, industry watchers expect more multi-crypto ETFs to follow, potentially leading to broader market acceptance and growth across the entire digital asset sector.
