Breaking: ETF with XRP Exposure Approved by SEC

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The U.S. Securities and Exchange Commission (SEC) has officially approved the conversion of Grayscale's Digital Large Cap Fund into an exchange-traded fund (ETF)

The ETF offers exposure to Bitcoin (BTC), Ethereum (ETH), as well as XRP and some other altcoins

This will be the first US-based spot-based ETF that includes multiple tokens.

As reported by U.Today, Grayscale's amended S‑3 registration was acknowledged by the regulator on the cusp of the highly anticipated approval

The approval of Grayscale's GDLC application has officially kicked off the so-called "crypto ETF summer."

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