Grayscale’s Multi-Crypto ETP Gets Green Light from SEC

Written by Aaron S.,

Editor-In-Chief

Last Updated: September 18, 2025

Key Takeaways

The SEC has approved Grayscale’s Digital Large Cap Fund, the first US ETP to include multiple cryptocurrencies in one product;
The fund gives investors exposure to Bitcoin, Ethereum, XRP, Solana, and Cardano through public markets without direct crypto access;
Grayscale’s listing was made possible by updated SEC rules that allow faster approval of crypto funds meeting predefined criteria.

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Grayscale has received approval from the US Securities and Exchange Commission (SEC) to launch the country’s first exchange-traded product (ETP) that holds multiple cryptocurrencies.

The newly approved offering, known as the Grayscale Digital Large Cap Fund (GLDC), will be listed on public markets.

The fund includes a combination of five major digital assets: Bitcoin BTC $117,453.96 , Ethereum ETH $4,609.23 , XRP XRP $3.11 , Solana SOL $252.09 , and Cardano ADA $0.9286 . It aims to simplify access to a range of cryptocurrencies for investors who prefer using traditional trading platforms instead of purchasing tokens directly.

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Grayscale’s CEO, Peter Mintzberg, shared the news on X on September 18. He noted that the team is moving quickly to bring the product to market and emphasized that it is the first ETP in the US to include multiple crypto assets under one product.

Mintzberg also thanked the SEC Crypto Task Force for its efforts to improve regulatory transparency in the crypto industry.

The SEC’s decision was based on updated listing rules designed to facilitate the review and approval of similar funds. These new standards apply to exchanges such as Nasdaq, NYSE Arca, and Cboe BZX.

They allow funds that meet certain predefined criteria to be listed without undergoing individual assessments, which helps speed up the process for new offerings.

Recently, Bitwise submitted a request ot the SEC to create a new ETF called Stablecoin & Tokenization ETF. What is the ETF's purpose? Read the full story.