The SEC approved Grayscale’s Digital Large Cap Fund, the first US multi-asset crypto ETP offering exposure to Bitcoin, Ether, XRP, Solana and Cardano. The US Securities and Exchange Commission (SEC) approved the first multi-asset cryptocurrency exchange-traded product (ETP) in the United States, clearing Grayscale’s Digital Large Cap Fund (GLDC) for listing. The fund will offer exposure to five of the world’s largest cryptocurrencies: Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA). The approval, disclosed in a filing on Wednesday, marks a milestone for the digital asset industry and follows the success of US spot Bitcoin exchange-traded funds (ETFs). A multi-asset crypto ETP gives traditional investors an easier way to gain exposure to several cryptocurrencies without opening accounts on exchanges or purchasing the tokens directly. Read more
DOGE analysts highlighted the potential of a price surge to $1 and beyond, fueled by the launch of the first Dogecoin ETF in the United States. Key takeaways: Dogecoin shifts from a memecoin to a mainstream asset with REX-Osprey’s Dogecoin ETF launch. DOGE price bullish megaphone pattern targets $1.40. Read more
Australia’s financial regulator has granted licensing exemptions for intermediaries distributing AFS-licensed stablecoins, starting with AUDM. The Australian Securities and Investments Commission (ASIC) has introduced licensing exemptions for intermediaries involved in the distribution of stablecoins issued by licensed entities. Under the newly published ASIC Corporations (Stablecoin Distribution Exemption) Instrument 2025/631, intermediaries distributing a stablecoin issued by an Australian financial services (AFS) licensee are no longer required to hold their own AFS, market or clearing and settlement facility licenses. “ASIC is committed to supporting responsible innovation in the rapidly evolving digital assets space, while ensuring important consumer protections are in place by having eligible stablecoins issued under an AFS licence,” the regulator said in a Thursday announcement. Read more