- Grayscale GDLC Fund now trades on NYSE Arca, providing investors diversified access to Bitcoin, Ether, XRP, Solana, and Cardano.
- The SEC also authorized p.m.-settled options on the Cboe Bitcoin ETF Index and Mini-Cboe Bitcoin ETF Index.
- GDLC holds $915 million in assets with a $57.70 net asset value, offering regulated crypto exposure for all investors.
SEC has accepted the listing and trading of Digital large Cap Fund (GDLC) by Grayscale, which covers Bitcoin, Ether, XRP, Solana, and Cardano. P.m.-settled options to the Cboe Bitcoin U.S. ETF Index and Mini- Cboe Bitcoin U.S. ETF Index will also be available in the fund.
GDLC Fund Provides Multi-Crypto Exposure
Grayscale’s GDLC Fund allows investors to access five leading cryptocurrencies in a single, regulated product. Bitcoin, Ether, XRP, Solana, and Cardano are part of it and provide diversification to the digital asset market. The fund now has more than 915 million assets under its management with the net asset value of 57.70 per share.
The SEC’s approval converts GDLC from an over-the-counter fund into a publicly traded exchange-traded product on NYSE Arca. This transition provides both retail and institutional investors with broader access to major cryptocurrencies.
Grayscale CEO Peter Mintzberg confirmed the approval on X (formerly Twitter), expressing gratitude to the SEC’s Crypto Task Force. The announcement marks a milestone after months of regulatory review and delays in the fund’s ETP listing process.
Options Trading on Cboe ETF Indexes
Alongside GDLC, the SEC approved p.m.-settled options on the Cboe Bitcoin U.S. ETF Index and Mini-Cboe Bitcoin U.S. ETF Index. This allows investors to trade derivative products linked to Bitcoin ETFs under a regulated framework.
The introduction of options enhances market flexibility and risk management opportunities. It provides additional tools for investors to participate in the growing U.S. crypto investment landscape.
SEC Chairman Paul Atkins pointed out that the approval is conducive to innovation and the greatest choice by the investors. The action is in line with the overall SEC strategy to consolidate and simplify the crypto ETF approvals.
Market Trends and Investor Access
Despite regulatory progress, U.S. spot Bitcoin ETFs recorded a net outflow of $51.28 million on September 17, following seven consecutive days of inflows. Ethereum ETFs also experienced a $1.89 million net outflow, with Fidelity’s FETH leading withdrawals at $29.19 million.
The GDLC Fund now offers a regulated route for diversified crypto exposure, combining multiple major digital assets in a single fund. Investors can now participate in multi-crypto trading on traditional U.S. exchanges.
With p.m.-settled options also approved, both direct fund investors and derivatives traders gain new opportunities. This framework opens avenues for structured trading strategies in the U.S. crypto market.
