Legend of Arcadia 價格ARCA

The crypto ecosystem crosses a symbolic milestone with the expedited approval by the SEC of the conversion of the Grayscale Digital Large Cap Fund (GDLC) into an ETF. This green light is not limited to Grayscale alone. It marks the entry of altcoins into the regulatory scope. In a context where the political climate is softening towards cryptos, this decision could pave the way for a new generation of ETFs focused on assets like XRP, Solana, or Cardano. While the approval of many major crypto ETFs was postponed until this summer , on July 1st, the United States Securities and Exchange Commission (SEC) validated, through an accelerated process, the conversion of the Grayscale Digital Large Cap Fund LLC into an exchange-traded fund (ETF). This change was formalized in a regulatory document, amendment SR-NYSEARCA-2024-87, where one can read : “It is therefore ordered, pursuant to Section 19(b)(2) of the Exchange Act, that the proposed rule change […] be approved on an accelerated basis.” The fund was previously accessible only via direct transaction for accredited investors. The SEC’s approval will now allow its public listing on NYSE Arca, making this product available to individual investors through traditional markets. The Grayscale Digital Large Cap Fund features a notable composition, marking a turning point in crypto ETF structuring. It is distinguished by its multi-asset nature : This diversity of assets makes the GDLC a vehicle for moderate exposure to altcoins while maintaining a secure base on the two main cryptos. This hybrid positioning allows the fund to act as a test for regulators, who can observe the gradual integration of other cryptos into listed financial instruments without sliding into overly risky exposure. This configuration, unprecedented in the US market, constitutes a strategic regulatory precedent. Beyond the approval itself, analyzing sector reactions indicates a possible broadening of the range of spot ETFs to other cryptos. Nate Geraci, president of The ETF Store, reacted on social network X on June 30, 2025. He stated that this GDLC approval “could then be followed by approval of individual ETFs for XRP, SOL, ADA, etc.”. Side benefit for SEC in approving GDLC is that it would provide nice “test run” for addn’l crypto assets in ETF wrapper… xrp, sol, & ada represent < 10% combined of GDLC’s holdings. Easy way to slowly step into other assets. He added that this decision represents an opportunity for the SEC to have a “real-world test for other crypto assets encapsulated within an ETF format.” Furthermore, he highlights that “XRP, SOL, and ADA together represent less than 10 % of GDLC’s assets,” a ratio he views as ideal for a gradual increase in exposure. Such a shift in political atmosphere plays a non-negligible role. Since President Donald Trump’s inauguration in January, observers have noted a more favorable climate for the crypto industry within federal bodies. The SEC is currently examining a series of crypto ETF proposals specifically focusing on altcoins, notably for Solana (SOL) and Dogecoin (DOGE). The approval of the GDLC could therefore serve as a regulatory precedent, easing the transition to financial products focusing exclusively on these assets. This momentum could mark a turning point for cryptos beyond the BTC-ETH duo. If the SEC is satisfied with the performance of this mixed fund in public markets, it would then have a concrete argument to justify future approvals centered exclusively on altcoins, as evidenced by the 70 crypto ETFs awaiting its approval this year . However, no decision is guaranteed in the short term, as SEC arbitrations are influenced by political, legal, and systemic considerations.

RT @jdorman81: We need to fix the broken, archaic &amp; inconsistent market cap formulas in order for crypto to thrive! Arca proposes "Adjuste…

The SEC, pursuant to Section 19(b)(2) of the Exchange Act, approved NYSE Arca’s proposed rule change, allowing the shares of the Grayscale Digital Large Cap Fund LLC to be listed and traded.

NYSE Arca submits application to list Truth Social Bitcoin and Ethereum ETFs NYSE Arca has submitted a rule change proposal (file number SR-NYSEARCA-2025-45) to the U.S. Securities and Exchange Commission (SEC) to apply for listing and trading of the Truth Social Bitcoin and Ethereum ETF, BT, under Section 8.201-E. The product will track the price performance of both Bitcoin and Ethereum, and is still subject to SEC review and approval.

Arca withdrew 2,183,000 PENDLE from Binance in the past 6 days, equivalent to approximately $8.31 million