Asset manager Grayscale received approval from the US Securities and Exchange Commission (SEC) on Tuesday to convert its Digital Large-Cap Fund into an exchange-traded fund (ETF). The fund consists of the five biggest cryptocurrencies by market capitalization featured in the CoinDesk Five Index. Roughly 80.2% of the weighted fund is Bitcoin (BTC), followed by Ether (ETH) at 11.3%, while Solana (SOL) accounts for approximately 2.7% of the fund, XRP (XRP) commands over 4.8%, and Cardano’s ADA (ADA) has a weighting of 0.81% in the fund. Investors have long capitalized on…
Tag: SEC
SEC Approves Grayscale Multi-Asset Crypto ETF Including XRP, Solana, Cardano
Key Notes First US multi-crypto ETF approved following CoinDesk 5 Index with Bitcoin dominating at 80.20% allocation. XRP, Solana, and Cardano gain inaugural spot ETF access through Grayscale’s diversified digital asset fund. SEC amends Rule 8.500-E enabling index-based crypto portfolios with 85% previously approved asset requirement. On July 1, 2025, the US Securities and Exchange Commission approved a rule change to allow the Grayscale Digital Large Cap Fund to be listed and traded as a spot exchange-traded fund (ETF) on NYSE Arca. The decision marks the first approval of a…
SEC to expedite crypto ETF listing process?
The United States Securities and Exchange Commission (SEC) is reportedly exploring a simplified listing structure for crypto exchange-traded funds (ETFs) that would automate a significant portion of the approval process. Under the proposed overhaul, ETF issuers could potentially sidestep 19b-4 application filings, the form entities submit to the SEC before listing a financial product on exchanges, according to crypto journalist Eleanor Terrett. Instead, issuers would submit SEC form S-1, the initial listing registration filing, and wait for 75 days. If the SEC does not object to the application, the issuer…
🚨 BULLISH CRYPTO NEWS! SEC RIPPLE XRP APPEAL, TRUMP BITCOIN, & DANA WHITE VECHAIN!
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Crypto News: Ripple drops appeal in SEC XRP case as Judge Torres pushes back on both parties. President Trump makes bullish statements about Bitcoin and Crypto. Dana White says he is all in on VeChain. Show Sponsor – ✅ VeChain is a versatile enterprise-grade L1 smart contract platform 💡Get the (Re)Thinking Crypto Book on Amazon – 🖥️ Learn Crypto with Expert Commentary – Sponsors: 🌟Uphold – Signup with Uphold. Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. 🏠 Propy…
XRP Rises 3% After Ripple Drops SEC Cross-Appeal
XRP’s price jumped over 3% on Friday just hours after Ripple Labs CEO Brad Garlinghouse said the company is dropping its cross-appeal against the US Securities and Exchange Commission (SEC) and expects the regulator to do the same. “Ripple is dropping our cross-appeal, and the SEC is expected to drop their appeal, as they’ve previously said,” Garlinghouse said in an X post on Friday. XRP (XRP), the cryptocurrency associated with Ripple Labs, spiked 3.36% to $2.18 just five hours after the post, according to CoinMarketCap data. Garlinghouse declares a return…
XRP Down 3% After SEC Settlement Stalls, But Social Media Turns Bullish
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A federal judge has rejected Ripple and the SEC’s proposed $50 million settlement, but social media sentiment around XRP has turned bullish anyway. Ripple-SEC Settlement Stalled After Court Rejection The Ripple-SEC case seemed to be moving…
XRP Whale Flows Hint At Repeat 400% If SEC Case Is Resolved
Key takeaways: XRP’s 90-day moving average of whale flows turned positive in May, hinting at renewed interest and a potential breakout setup for Q4. Wallets holding over 1 million XRP hit an all-time high, while mid-tier wallet growth rose 6.2%—signaling strong long-term holder conviction. After peaking at an all-time high of $3.40 in January, XRP (XRP) has shown modest returns on investment over the past several months. Despite consistently closing every monthly candle above the $2 mark since December 2024, XRP’s Q2 trading volumes on Binance have fallen to their…
Spot Dogecoin ETF Gains SEC Traction—Is A Price Surge Next?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitwise Asset Management has quietly nudged Dogecoin one step closer to Wall Street’s ETF club, filing an amended S-1 on 26 June that for the first time allows “in-kind” creations and redemptions. The tweak is more…
XRP Price Declines Back To $2 As Legal Dispute With SEC Continues
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The XRP price experienced a significant decline on Thursday following new developments in the ongoing legal dispute between Ripple Labs and the US Securities and Exchange Commission (SEC). Judge Analisa Torres’ decision to deny the joint…
Judge Torres denies Ripple and SEC joint motion for indicative ruling
A US district court denied a joint motion from the US Securities and Exchange Commission (SEC) and Ripple requesting an indicative ruling to reduce a $125 million civil penalty and reverse an order defining primary sales of XRP (XRP) to institutional investors as securities transactions under Article 5 of the Securities Act. An indicative ruling allows lower courts like the district court to issue orders for a case that is pending review in the higher appellate court system, subject to approval from the higher court. Order from US district court…