SEC Approval May Allow Grayscale GDLC to Offer Bitcoin Exposure on NYSE Arca and Enable P.M.-Settled Cboe Bitcoin ETF Options

• SEC approval lists Grayscale GDLC Fund on NYSE Arca for five major cryptocurrencies

• Approval includes p.m.-settled options on the Cboe Bitcoin U.S. ETF Index and Mini-Cboe Bitcoin U.S. ETF Index

• GDLC reports $915 million AUM and a net asset value of $57.70 per share

Grayscale GDLC Fund approved by SEC, listed on NYSE Arca for multi-crypto exposure; trade now or learn how options expand strategies. Read more on COINOTAG.

What is the Grayscale GDLC Fund approval?

The Grayscale GDLC Fund approval is the SEC’s acceptance of listing and trading a Digital Large Cap Fund on NYSE Arca that holds Bitcoin, Ether, XRP, Solana and Cardano, converting GDLC into a publicly traded exchange-traded product and enabling p.m.-settled options tied to Cboe Bitcoin ETF indexes.

How does GDLC provide multi-crypto exposure?

GDLC consolidates five leading digital assets—Bitcoin, Ether, XRP, Solana, Cardano—into a single regulated vehicle. The fund simplifies diversified crypto access for retail and institutional investors by trading on NYSE Arca. Grayscale reported approximately $915 million in assets under management and a NAV of $57.70 per share.

SEC accepts listing and trading of Grayscale Digital Large Cap Fund (GDLC) covering Bitcoin, Ether, XRP, Solana and Cardano; p.m.-settled options on Cboe Bitcoin ETF indexes also authorized.

• Grayscale GDLC Fund now trades on NYSE Arca, providing investors diversified access to Bitcoin, Ether, XRP, Solana, and Cardano.
• The SEC also authorized p.m.-settled options on the Cboe Bitcoin U.S. ETF Index and Mini-Cboe Bitcoin U.S. ETF Index.
• GDLC holds $915 million in assets with a $57.70 net asset value, offering regulated crypto exposure for all investors.

The SEC has accepted the listing and trading of the Digital Large Cap Fund (GDLC) by Grayscale, enabling a transition from over-the-counter status into a publicly traded ETP on NYSE Arca. The product holds allocations to Bitcoin, Ether, XRP, Solana and Cardano and now supports p.m.-settled options tied to Cboe Bitcoin ETF indexes.

GDLC Fund Provides Multi-Crypto Exposure

Grayscale’s GDLC Fund combines five major tokens into a single regulated vehicle that trades on NYSE Arca. This structure reduces the need for multiple exchange accounts and custody arrangements while giving investors consolidated market exposure.

The SEC’s approval converts GDLC from an OTC product into a listed ETP, widening access for retail and institutional participants. Grayscale reported roughly $915 million in assets under management and a net asset value of $57.70 per share at the time of listing.

Grayscale CEO Peter Mintzberg confirmed the approval and thanked the SEC’s Crypto Task Force, marking an important regulatory milestone following a protracted review process.

Options Trading on Cboe ETF Indexes

In tandem with the GDLC listing, the SEC approved p.m.-settled options on the Cboe Bitcoin U.S. ETF Index and the Mini-Cboe Bitcoin U.S. ETF Index. These options provide regulated derivative instruments linked to Bitcoin ETFs.

Options availability enhances investor tools for hedging, yield generation and structured strategies. Market participants can employ these instruments to tailor exposure or manage downside risk within a regulated framework.

SEC commentary emphasized the approval’s role in supporting market innovation and expanding investor choice within the crypto ETP ecosystem.

Market Trends and Investor Access

U.S. spot Bitcoin ETFs recorded a net outflow of $51.28 million on September 17 after seven days of inflows, while Ethereum ETFs saw a $1.89 million outflow, led by withdrawals from flagship products. These flows indicate active reallocation as new products and derivative instruments become available.

GDLC’s listing addresses demand for diversified crypto exposure through regulated exchanges and may influence future fund launches and trading strategies across the digital asset industry.

With approval of p.m.-settled options, both direct fund investors and derivatives traders gain new opportunities to implement multi-asset and hedging strategies under U.S. regulatory oversight.

Frequently Asked Questions

How can investors buy shares of GDLC?

Investors can purchase GDLC through brokerages that support NYSE Arca-listed products. Shares trade like any other ETF/ETP and can be bought during exchange trading hours using standard brokerage accounts.

What are p.m.-settled options and why do they matter?

P.m.-settled options settle based on the ETF index’s closing price, providing standardized derivatives priced to end-of-day values. They matter because they align option settlement with ETF NAVs and support institutional hedging and institutional liquidity strategies.

Key Takeaways

• Regulated multi-crypto exposure: GDLC lists five major cryptocurrencies in one exchange-traded product for simplified access.
• Derivatives expansion: SEC authorization of p.m.-settled options on Cboe Bitcoin ETF indexes widens risk-management tools.
• Market impact: $915M AUM and NAV of $57.70 signal institutional-caliber product scale and investor interest.

Conclusion

The SEC’s approval of the Grayscale GDLC Fund and p.m.-settled options on Cboe Bitcoin ETF indexes expands regulated pathways for diversified crypto exposure. GDLC’s NYSE Arca listing provides both retail and institutional participants integrated access to leading tokens while new options enhance trading and hedging capabilities. Monitor fund flows and trading volumes as market participants adopt these tools.