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The director of Crypto Asset GrayScale Greenlight received from the US Securities and Exchange Committee (SEC) to convert its large digital box into ETF (traded box).
The Fund includes 5 largest encryption by the market market in the Coindsk Five Index. This includes market leaders Bitcoin (BTC), ETHEREUM (ETH), as well as Altcoins Solana (Sol), Ripple (XRP), Cardano (ADA).
second consent Converting a day before the date of the decision. In the past, the organizer rejected GrayScale applications at the last minute.
Transferring the gray boxes expected to consider
About 80.2 % of the weight of the converted box is BTC, while ETH, the largest altcoin depending on the maximum market, is about 11.3 %.
XRP has the largest largest amount of 4.8 %, while Sol and Ada enjoy 2.7 % and 0.81 %, respectively.
SEC was expected to agree to convert the CAP Digital Digital Digital box from Grayscale, according to Bloomberg analyst ETF James Sevart.
“The approval was our expectations,” he said in the Post on July 1, before adding, “The fund exceeds 90 % of Bitcoin and Ethereum.”
It was the approval of our expectations. The box is more than 90 % of bitcoin and ethereum. The next big history is Pitwise‘s $ bitw The deadline on July 31. But it is clear that SEC can go early …
We have written about this and more here for the Bloomberg Perfect clients: https://t.co/7c0Bo3pcxb pic.twitter.com/bdhne7zqss
Jseyff July 1, 2025
BitWise, another encryption asset manager, is the next queue to receive a decision from SEC.
The company is looking to convert the Crypto Index BitWise 10 (BITW) box to ETF. This box currently has 79 % in Bitcoin, with the rest of the BitW holders including ETH, XRP, Sol, ADA, SUI (SUI), ChainLink (Link), Avalanche (Avax), Litecoin (LTC) and Polkadot (Dot).
A wave of new ETF applications expected in the second half of 2025
The transferred conversion of Grayscale comes at a time when asset managers are rushing to provide eTfins for smaller altcoins such as TOX (TRX), Dogoin (Doge), SUI, Avax and LTC.
On June 30 x mailSivott said that he and his colleague, Eric Balunas, said, “Expect a wave of investment funds circulating in this second half of 2025.”
SEC has not yet agreed on the circulating investment funds that focus only on altcoins.
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