The U.S. SEC approved Grayscale's Digital Large Cap Fund to convert to an ETF.

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According to Gate News bot, the U.S. Securities and Exchange Commission (SEC) has approved an amendment allowing the Grayscale Digital Large Cap Fund to convert into an exchange-traded fund (ETF). This conversion involves multiple crypto assets, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA). This decision marks a further recognition of cryptocurrency investment products in the traditional financial market.

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