The SEC has officially greenlit Grayscale’s move to transform its Digital Large-Cap Fund into a full-blown exchange-traded fund (ETF), marking a huge step forward for crypto’s presence on traditional markets.
This ETF offers exposure to the big guns of the crypto world, with the portfolio currently weighted as follows: Bitcoin (80.2%), Ethereum (11.3%), XRP (4.8%), Solana (2.7%), and Cardano’s ADA (0.81%). It’s a streamlined way for investors to tap into a diversified basket of blue-chip digital assets, all under a single ticker.
Before the conversion, this fund ran as a trust and often traded at a 20%+ premium, creating risky, but sometimes juicy, arbitrage setups for savvy traders.
Now that it’s ETF-approved, that price dislocation is likely to flatten out, while giving mainstream investors regulated access to crypto’s top assets. That’s a win for accessibility, liquidity, and institutional credibility across the board.
For starters, the SEC will scrutinize aspects such as asset selection, custody arrangements, and insurance coverages.
ETFs must disclose how the NAVs are priced, including the data sources used in their pricing models. Along with this, ETF issuers must also disclose who their key service providers are and the rationale behind their selection.
The SEC is also planning to fast-track the ETF listing procedure, where ETFs can be exempted from the 19b-4 rule change process.
This rule requires ETF issuers to submit formal approval requests to the SEC, especially while listing new financial products.
With the SEC actively legitimizing crypto through clearer regulations and ETF approvals, the stage is set for a fresh wave of adoption and growth.
It’s currently compatible with Solana but will soon offer support for other chains, too, including Ethereum, BNB, Polygon, and Base.
You can place buy/sell limit orders, stop-losses, and even manage your crypto portfolio from within Telegram.
With fast and automatic order executions, you’ll be able to sidestep the tactics deployed by crypto whales and other large institutions, who eat up all the liquidity in newly listed meme coins.
This early access gives retail traders a critical advantage. Snorter allows you to position yourself ahead of the hype cycle, where the biggest gains often happen.
As cute as Snorter’s aardvark mascot is, under the hood, the token is equally ferocious and mindful of the needs of modern-day meme coin trading.
It’s particularly useful if you’re new to crypto/meme coin trading or just don’t have the time to learn this rather advanced and hard skillset.
As opposed to Snorter’s usual 1.5%, $SNORT owners will only have to pay 0.85% as trading fees.
Luckily for you, Snorter Token is currently in presale, which means prices are at their lowest. One $SNORT is presently available for just $0.0971, and the project has in total raised over $1.48M.
The SEC approving a large-scale crypto ETF could be a turning point for the meme coin industry.
However, do remember that in crypto, nothing is guaranteed. Our article isn’t financial advice, and we strongly urge our readers to do their own research before investing.
