Recently, I noticed an important regulatory development. The U.S. SEC not only approved the listing application for Grayscale’s Digital Large-Cap Fund, but also streamlined the entire approval process for cryptocurrency ETFs at the same time—this could be a turning point for the whole industry.

Grayscale’s CEO announced this news recently, saying they’re grateful to the SEC’s Crypto Subcommittee for providing the necessary regulatory clarity. In the past, this fund could only be accessed by qualified investors through over-the-counter trading, but now it can finally be listed and traded on a stock exchange.

The composition of Grayscale’s fund is quite interesting. It mainly allocates about 72% to Bitcoin, about 17% to Ether, and the remaining shares—such as Solana, Ripple, and Cardano—each account for single-digit percentages. The fund’s assets under management have already exceeded $900 million, showing that there is indeed demand in the market for multi-coin portfolios.

More importantly, the SEC also approved the general listing standards for cryptocurrency ETFs. This means that, going forward, funds won’t have to undergo case-by-case review anymore, and the listing process has been shortened from 240 days to 75 days. Bloomberg analysts noted that after the SEC implemented similar standards previously, the issuance volume of new ETFs grew by 3 times. This time, it’s very likely that within 12 months, more than 100 cryptocurrency ETFs will be listed one after another.

In other words, funds tracking Ripple, Solana, and even Dogecoin are expected to roll out faster. This clearly lowers the barrier for traditional investors to enter the crypto market. If you’re also keeping an eye on the performance of these mainstream coins, you can check the price quotes of the relevant assets on Gate.