Oh, darling, Grayscale has done it again! 🎭 They’ve sauntered up to the U.S. SEC with an S-3 form in hand, hoping to transform their Digital Large Cap Fund into a shiny new ETF. Imagine, if you will, a fund brimming with the crème de la crème of cryptocurrencies—Bitcoin, Ethereum, XRP, Solana, and Cardano. Quite the ensemble cast, isn’t it? 🍸
If the SEC gives its nod of approval (and let’s face it, they’re not exactly known for their spontaneity), this ETF could be the golden ticket for institutional investors to waltz into the crypto ballroom. Regulated exposure? How positively civilized! 🎩
Of course, the regulatory gods are still deliberating, but this little maneuver by Grayscale is yet another step in the grand tango of mainstream crypto adoption. Will the SEC play along? Only time will tell, darling. Only time will tell. 🕰️
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2025-04-01 15:10