SEC approves conversion of Grayscale's Large-Cap Crypto Fund to ETF, increasing industry maturity

From Cointelegraph

July 1, 2025 6:14 pm:

Grayscale’s Large-Cap Crypto Fund gets SEC approval to convert into an ETF. The fund includes BTC, ETH, SOL, XRP, and ADA. Investors previously took advantage of arbitrage with Grayscale’s trusts, but opportunities have decreased since the trusts began converting to ETFs. Grayscale’s move signifies industry maturation. Analysts predict high chance of SOL, XRP, and LTC ETF approval.

Grayscale successfully battled in court to convert its Bitcoin trust into an ETF. Inflows for Bitcoin ETFs, like Grayscale’s, have increased since June 2025. After a year-long legal battle, a US judge ruled in favor of Grayscale, allowing its Bitcoin trust to trade as an ETF. Grayscale’s Bitcoin ETF has a 1.5% expense ratio, making it the priciest BTC investment vehicle on the market.

Read more at Cointelegraph: SEC Approves Grayscale Crypto Trust Conversion To ETF