More crypto ETFs coming? A key SEC deadline is one week away
The post More crypto ETFs coming? A key SEC deadline is one week away appeared on BitcoinEthereumNews.com.
With capital pouring into spot bitcoin and ether ETFs in recent weeks, a fast-approaching SEC decision could spur the next wave of crypto fund launches. Though filings for single-asset ETFs have multiplied in recent months, products holding a basket of tokens could be the next to get the regulatory nod. Specifically, the securities regulator is set to rule on Grayscale Investments’ proposal to convert its Digital Large Cap Fund (GDLC) to an ETF. Its deadline to do so is July 2. GDLC has about $730 million of assets under management. While more than 90% of the fund’s assets are allocated to bitcoin and ether, it also holds XRP, solana (SOL) and cardano (ADA). Rival fund manager Bitwise also looks to convert its BITW crypto index fund. And Hashdex is vying to add assets to its Nasdaq Crypto Index US ETF (NCIQ), which currently only holds BTC and ETH. The SEC could decide that XRP, SOL, ADA, etc. represent such a small amount of the index that it’s going to let the products through, Bloomberg Intelligence analyst James Seyffart said at Blockworks’ Permissionless conference on Tuesday. Or the agency could choose to first develop a comprehensive set of rules. “If they’re not approved on this first date, it’ll only be because the SEC isn’t ready with a full framework,” Seyffart said. The SEC gave the greenlight to US spot bitcoin ETFs in January 2024 before then permitting ether ETFs to launch that July. The BTC offerings, led by BlackRock’s iShares Bitcoin Trust (IBIT), have so far notched $47 billion of net inflows, Farside Investors data shows. The category has seen inflows on each of the last 11 trading days, with $589 million entering the funds on Tuesday — the highest daily total in June. Ether ETF inflows, which stand at $4…
Filed under: News - @ June 25, 2025 6:28 pm