加密ETF批准：Grayscale的獲勝和SEC規則更改

Grayscale的數字大型帽基金將綠燈作為現場ETF！ SEC規則的變化對加密意味著什麼？

Crypto ETF Approval: Grayscale's Win & the SEC Rule Change

加密ETF批准：Grayscale的獲勝和SEC規則更改

Big news, crypto fam! The SEC has finally given the nod to Grayscale's Digital Large Cap Fund (GDLC) to convert into a spot ETF. This is huge, and it signals a growing acceptance of crypto as a legitimate investment.

重大新聞，加密貨幣。 SEC終於向Grayscale的數字大型CAP基金（GDLC）致敬，以轉換為現場ETF。這是巨大的，它表明對加密貨幣的接受越來越多。

Grayscale's GDLC ETF: What's the Deal?

Grayscale的GDLC ETF：有什麼意見？

So, what exactly does this mean? Well, Grayscale's GDLC ETF holds a basket of crypto heavyweights like Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA). This approval, which was announced on July 1, 2025, is a major milestone. It adds to the list of spot ETFs in the US, which includes Bitcoin and Ethereum ETFs approved in 2024.

那麼，這到底是什麼意思？好吧，Grayscale的GDLC ETF擁有一籃子加密重量級人物，例如比特幣（BTC），以太坊（ETH），XRP（XRP），Solana（Solana（Sol）（Sol）和Cardano（ADA）。該批准於2025年7月1日宣布，是一個主要的里程碑。它增加了美國ETF的列表，其中包括2024年批准的比特幣和以太坊ETF。

SEC Rule Change: A Game Changer

SEC規則更改：改變遊戲規則

To make this happen, the SEC amended Rule 8.500-E, clarifying that underlying investments can include index-based portfolios. This is a big deal because it allows Grayscale's ETF to operate under a fully regulated framework. This provides a gateway for both institutional and retail investors to get diversified exposure to crypto through traditional brokerage platforms.

為了實現這一目標，SEC修訂的規則8.500-E澄清基本投資可以包括基於指數的投資組合。這很重要，因為它允許灰度的ETF在完全監管的框架下運行。這為機構和散戶投資者都提供了一個門戶，以通過傳統的經紀平台獲得多元化的加密貨幣。

XRP, Solana, and Cardano Get Some Love

XRP，Solana和Cardano獲得了一些愛

What's even more exciting is that this approval marks the first time XRP, Solana, and Cardano are included in a US-listed spot ETF! While Bitcoin and Ethereum still dominate the portfolio, this inclusion shows a broader regulatory maturity and the SEC's evolving approach to crypto classifications.

更令人興奮的是，此批准標誌著XRP，Solana和Cardano首次包含在美國上市的ETF中！儘管比特幣和以太坊仍然主導投資組合，但該包含顯示了更廣泛的調節成熟度以及SEC的加密分類方法。

What's Next? More Crypto ETFs on the Horizon?

接下來是什麼？更多的加密ETF在地平線上？

Industry analysts are buzzing that this approval could pave the way for more crypto spot ETFs. Bloomberg ETF analyst Eric Balchunas even pointed out the no-comment situation around REX and Osprey Funds' filings for a staked Solana (SOL) ETF. Exciting times ahead!

行業分析師嗡嗡作響，這種批准可以為更多的加密貨幣ETF鋪平道路。彭博ETF分析師埃里克·巴爾庫納斯（Eric Balchunas）甚至指出了Rex和Osprey Funds關於固定的Solana（SOL）ETF的備案的無調情況。令人興奮的時刻！

My Take: A Step in the Right Direction

我的看法：朝正確的方向邁出一步

Personally, I think this is a fantastic move. It gives everyday investors easier access to the crypto market through a regulated and diversified product. Plus, it shows that the SEC is becoming more comfortable with crypto, which is crucial for the industry's long-term growth. The SEC is showing that they are willing to work with companies like Grayscale to create innovative products that meet the needs of investors.

就個人而言，我認為這是一個了不起的舉動。它通過受管制和多元化的產品使日常投資者更容易進入加密貨幣市場。另外，它表明SEC對加密貨幣越來越舒適，這對於該行業的長期增長至關重要。 SEC表明，他們願意與Grayscale這樣的公司合作，以創建滿足投資者需求的創新產品。

The Grayscale ETF will follow the CoinDesk 5 Index, which includes Bitcoin (80.20%), Ethereum (11.39%), XRP (4.82%), Solana (2.78%), and Cardano (0.81%). Under the updated guidelines, at least 85% of the holdings must consist of assets previously approved by the SEC in other exchange-traded products. This is great for investors looking for diversification.

灰度ETF將遵循Coindesk 5指數，其中包括比特幣（80.20％），以太坊（11.39％），XRP（4.82％），Solana（2.78％）和Cardano（0.81％）。根據更新的準則，至少85％的持股必須由SEC先前在其他交易所交易產品中批准的資產組成。這對於尋求多元化的投資者來說非常有用。

Wrapping Up

總結

So, there you have it! Grayscale's ETF approval is a win for the crypto community, and it's a sign that things are moving in the right direction. Keep an eye out for more crypto ETFs hitting the market soon. Who knows, maybe Dogecoin will be next! (Okay, probably not, but a guy can dream, right?)

所以，你有！ Grayscale的ETF批准是加密社區的勝利，這表明事情正朝著正確的方向發展。請留意更多的加密ETF即將在市場上上市。誰知道，也許Dogecoin將是下一個！ （好吧，可能不是，但是一個人可以做夢，對嗎？）