SEC approves conversion of Grayscale's large-cap crypto fund into ETF

SEC approves conversion of Grayscale's large-cap crypto fund into ETF

Grayscale has slowly narrowed the arbitrage opportunities on its crypto trusts by converting them into exchange-traded funds. Asset manager Grayscale received approval from the US Securities and Exchange Commission (SEC) on Tuesday to convert its Digital Large-Cap Fund into an exchange-traded fund (ETF). The fund consists of the five biggest cryptocurrencies by market capitalization featured…

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Why is XRP price up today?

Why is XRP price up today?

A truce between Israel and Iran and whale accumulation have helped XRP price recover sharply, positioning it for a potential rally to new all-time highs. Key takeaways: XRP price jumped over 11% after a ceasefire between Israel and Iran. Mid-sized whale addresses have steadily accumulated XRP. Read more If you liked the article, do not…

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