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Grayscale wins SEC nod as five coin ETF eyes $1B and challenges Bitcoin giants – TON BOT

Grayscale wins SEC nod as five coin ETF eyes $1B and challenges Bitcoin giants

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Grayscale Investments has received SEC approval to list its Digital Large Cap Fund (GDLC) as an exchange-traded fund, allowing for trading to begin on Sept. 19. The fund holds a variety of cryptocurrencies and is seen as a turning point for mainstream crypto investment. Demand for crypto ETFs has been strong, with Bitcoin-focused funds managing over $100 billion in assets.

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