The US Securities and Exchange Commission has accepted Trump Mediaโs application for a Bitcoin and Ethereum exchange-traded fund, starting the clock for the agency to approve or reject the proposed fund.ย The ETF proposes offering investors exposure to Bitcoin (BTC) and Ether (ETH) through shares listed on NYSE Arca backed by the crypto assets, with 75% allocated to Bitcoin and 25% to Ether, according to the filing.ย Foris DAX Trust Company, doing business as Crypto.com, will act as the custodian, and asset management firm Yorkville America Digital will act as…
Tag: SEC
Solana ETF Approval Fast-Tracked as SEC Issues New July Deadline – Will SOL Price Hit $200?
Key Notes The SEC’s new July 31 deadline for Solana ETF refilings suggests approval could come earlier than the formal October deadline. Polymarket bettors now price in 99% probability of SOL ETF approval before 2025 ends, reflecting strong market confidence. Technical analysis shows SOL could target $200-260 if ETF approval triggers institutional demand similar to Bitcoin and Ethereum patterns. The US Securities and Exchange Commission (SEC) appears poised to approve Solana ETFs faster than expected as the regulator directs issuers to re-submit filings by a new July 31 deadline. SEC…
US SEC Halts Full Launch of Grayscale Digital Large Cap Fund
Key Notes After approving the Grayscale Digital Large Cap Fund (GDLC), the SEC has paused trading for the fund. Analysts believe the SEC intends to establish guidelines for crypto ETFs before proceeding with Grayscale’s application. There are suspicions that the conflicting guidance is a matter of internal politics at the SEC. The United States Securities and Exchange Commission (SEC) will not be taking any action on Grayscaleโs Exchange Traded Fund filing for Solana SOL $153.0 24h volatility: 3.2% Market cap: $81.82 B Vol. 24h: $5.18 B , XRP XRP $2.28…
Finance Group Urges SEC Reject Tokenized Equities Exemptions
An industry trade group is urging the US securities regulator to reject a wave of relief requests from crypto companies seeking to offer tokenized stocks.ย The Securities Industry and Financial Markets Association (SIFMA), which consists of securities issuers and finance firms, said in a letter on Monday that it has a โsignificant concernโ about reports of crypto firms submitting no-action or exemptive relief to allow them to offer tokenized equities or securities. No-action relief would mean the SEC wouldnโt recommend taking enforcement action against a firm over products it launches.…
SEC Chair Paul Atkins Backs Tokenization, Marks Regulatory Shift After Gensler
The US Securities and Exchange Commission (SEC) now sees tokenization as an โinnovationโ to be encouraged in the marketplace, according to Chair Paul Atkins, who pointed to a clear regulatory shift since former SEC Chair Gary Genslerโs tenure ended. โTokenization is an innovation,โ Atkins said in a CNBC interview on Wednesday. โAnd we at the SEC should be focused on how do we advance innovation in the marketplace.โ Atkins contrasted his approach to crypto regulation with his predecessors, saying the SEC had previously hindered innovation through vague laws and โregulation…
SEC eyes single-track crypto ETF listings in quiet talks with exchanges
A little-known SEC consultation could scrap months of bureaucratic delays for crypto ETFs. Instead of dual filings, issuers may soon need just an S-1 and patience, setting the stage for an unprecedented wave of listings. FOX Business reporter Eleanor Terrett has uncovered early discussions between SEC officials and major exchanges about creating standardized listing rules for crypto ETFs. The potential overhaul could fundamentally change how these funds reach the market. Instead of navigating the bureaucratic maze of 19b-4 approvals, issuers might only need to file an S-1 registration and endure…
๐ It Has Begun ? Latest Crypto Market Analysis BTC News Updates Today ๐
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io ๐ It Has Begun ? Latest Crypto Market Analysis BTC News Updates Today ๐ Stay up-to-date with the latest crypto news today, featuring updates on Bitcoin, Ethereum, and other top cryptocurrencies. Get the latest trends and insights in the cryptocurrency market. __________________________________________ Follow the AL MAKKAH TECH & BUSINESS HUB channel on WhatsApp: __________________________________________ The cryptocurrency market is known for its volatility, and it’s essential to stay informed about the latest developments to make informed investment decisions. In this article, we’ll cover…
SEC Clears Grayscale Digital Large Cap Fund for NYSE Arca ETF Listing
The SEC has approved NYSE Arcaโs listing of a Grayscale large-cap fund holding bitcoin, ether, solana, XRP, and cardano, expanding regulated access to leading digital assets. SEC Approves Rule Change for Grayscale Crypto Fund Listing on NYSE Arca The U.S. Securities and Exchange Commission (SEC) on July 1 approved a rule change enabling the conversion [โฆ] Source BitcoincryptoexchangeExchanges CryptoX Portal
SEC Approves Grayscale Crypto Trust Conversion To ETF
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…
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…