加密ETF批准：Grayscale的获胜和SEC规则更改

Grayscale的数字大型帽基金将绿灯作为现场ETF！ SEC规则的变化对加密意味着什么？

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

加密ETF批准：Grayscale的获胜和SEC规则更改

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.

重大新闻，加密货币。 SEC终于向Grayscale的数字大型CAP基金（GDLC）致敬，以转换为现场ETF。这是巨大的，它表明对加密货币的接受越来越多。

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

Grayscale的GDLC ETF：有什么意见？

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.

那么，这到底是什么意思？好吧，Grayscale的GDLC ETF拥有一篮子加密重量级人物，例如比特币（BTC），以太坊（ETH），XRP（XRP），Solana（Solana（Sol）（Sol）和Cardano（ADA）。该批准于2025年7月1日宣布，是一个主要的里程碑。它增加了美国ETF的列表，其中包括2024年批准的比特币和以太坊ETF。

SEC Rule Change: A Game Changer

SEC规则更改：改变游戏规则

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.

为了实现这一目标，SEC修订的规则8.500-E澄清基本投资可以包括基于指数的投资组合。这很重要，因为它允许灰度的ETF在完全监管的框架下运行。这为机构和散户投资者都提供了一个门户，以通过传统的经纪平台获得多元化的加密货币。

XRP, Solana, and Cardano Get Some Love

XRP，Solana和Cardano获得了一些爱

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.

更令人兴奋的是，此批准标志着XRP，Solana和Cardano首次包含在美国上市的ETF中！尽管比特币和以太坊仍然主导投资组合，但该包含显示了更广泛的调节成熟度以及SEC的加密分类方法。

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

接下来是什么？更多的加密ETF在地平线上？

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!

行业分析师嗡嗡作响，这种批准可以为更多的加密货币ETF铺平道路。彭博ETF分析师埃里克·巴尔库纳斯（Eric Balchunas）甚至指出了Rex和Osprey Funds关于固定的Solana（SOL）ETF的备案的无调情况。令人兴奋的时刻！

My Take: A Step in the Right Direction

我的看法：朝正确的方向迈出一步

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.

就个人而言，我认为这是一个了不起的举动。它通过受管制和多元化的产品使日常投资者更容易进入加密货币市场。另外，它表明SEC对加密货币越来越舒适，这对于该行业的长期增长至关重要。 SEC表明，他们愿意与Grayscale这样的公司合作，以创建满足投资者需求的创新产品。

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将遵循Coindesk 5指数，其中包括比特币（80.20％），以太坊（11.39％），XRP（4.82％），Solana（2.78％）和Cardano（0.81％）。根据更新的准则，至少85％的持股必须由SEC先前在其他交易所交易产品中批准的资产组成。这对于寻求多元化的投资者来说非常有用。

Wrapping Up

总结

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批准是加密社区的胜利，这表明事情正朝着正确的方向发展。请留意更多的加密ETF即将在市场上上市。谁知道，也许Dogecoin将是下一个！ （好吧，可能不是，但是一个人可以做梦，对吗？）