Crypto currency Today, a historic day for investors, crypto -friendly SEC management gave the expected approval. ETF applications made by Grayscale involved the transformation of existing products from TRUST to ETF. BTC and ETH ETF The company received its approval in this way. Now the ETF approval has come for the crypto currency basket.
BTC, ETH, XRP, SOL, ADA Coin ETF approval
According to the document published by SEC, Grayscale’s request for the “Grayscale Digital Large Cap Fund LLC to Spot ETF” was approved. This was a crypto money basket and now ETF will be traded on the stock market. The distribution of the fund is as follows;
- BTC 80.2 %
- ETH 11.39 %
- XRP 4.82 %
- Solana (left) 2.78 %
- CARDANO (ADA) $0.561048 0.81 %
The SEC found that the fund had 85 %approved assets in terms of market supervision. BTC and ETH had received ETF approval, as you know before.
There is no significant movement in subcoins yet. XRP, left, Ada Coin Although the percentage is low, it is sufficient for a certain amount of corporate capital to flow here. Soon XRP, left, island and many other subcoin applications may also be approved for detached ETF applications.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
