Favourable Information! The SEC has approved Grayscale's GDLC to convert into an ETF. How will the performance of BTC, ETH and other tokens be?

The SEC ( has approved Grayscale's application to convert its digital large-cap fund into a spot trading exchange-traded fund ) ETF (.

This decision integrates Bitcoin )BTC(, Ethereum )ETH(, Ripple )XRP(, Solana )SOL(, and Cardano )ADA( together, providing American investors with a new investment tool.

Grayscale's large funds for BTC, ETH, SOL, XRP, and ADA conversion to ETF application approved Grayscale's GDLC fund primarily invests in Bitcoin, accounting for over 80% of the fund's holdings. Ethereum follows closely with a share of 11%, while the allocations for Solana, XRP, and Cardano are smaller at 2.8%, 4.8%, and 0.8%, respectively. This approval is significant as it provides investors with a regulated way to invest in various major cryptocurrencies.

This approval also reinforces Grayscale's previous success in Bitcoin and Ethereum funds. This approval comes after Grayscale's successful conversion of its Bitcoin trust into a Spot Bitcoin ETF in 2024. Due to this legal victory, the SEC seems more inclined to approve similar products.

Bloomberg ETF analyst James Seyffart pointed out: "The approval of GDLC as a spot ETF could pave the way for future multi-asset cryptocurrency ETFs."

The approval was obtained after the revised S-3 filing, indicating that Grayscale has been in active dialogue with the SEC. Nate Geraci, president of The ETF Store, predicts that due to the strong momentum of regulatory support for crypto ETFs, Grayscale's application is likely to be approved.

The SEC )SEC( may change the approval process for cryptocurrency ETFs At the same time, the SEC is considering allowing cryptocurrency ETFs to be issued without the need to submit a 19b-4 filing, which is a significant procedural shift. Currently, any new exchange-traded product must go through the lengthy 19b-4 filing approval process.

If the SEC advances this reform, it is expected to simplify the approval process for cryptocurrency ETFs, allowing other fund managers to bring products to market more quickly.

This potential shift is part of a broader discussion between the U.S. Securities and Exchange Commission )SEC( and exchanges aimed at establishing a more standardized listing procedure for cryptocurrency ETFs. If successful, this reform will lead to a more efficient approval process, thereby accelerating the development of new cryptocurrency ETFs.

Impact on Other Cryptocurrency ETFs Due to the approval of GDLC, more cryptocurrency-related ETFs are expected to be approved in the coming months. The SEC )SEC( is considering several single-token ETFs tracking Solana and XRP.

Bloomberg analysts estimate that the likelihood of these proposals being approved by the end of 2025 is as high as 95%.

This will lead to an increase in the adoption rates of different cryptocurrencies in exchange-traded products. This means that once more cryptocurrency ETFs are approved, it could inspire investor confidence and trigger a wave of capital influx into the cryptocurrency space, which has historically struggled to become mainstream.

What is the impact on the market?

So, what impact does this news have on the specific prices for general cryptocurrency investors?

Due to the impact of macro factors such as Trump's tariff measures, the crypto market is inevitably affected. Therefore, the positive effect brought by the latest developments from Grayscale may have already been absorbed and hedged by the market, or it has not yet truly reflected in the prices, and the upward trend has not yet emerged. Gate market shows:

BTC is currently priced at $106,600.9, with a 24H decline of 0.33%;

ETH is currently priced at $2443.08, with a 24H drop of 0.68%;

SOL is currently priced at $148.91, with a 24H decrease of 1.66%;

XRP is currently at $2.187, with a 24H decline of 1.53%;

ADA is currently priced at $0.5537, with a 24H decline of 1.7%.