Grayscale Chainlink Trust listing on New York Stock Exchange Arca and its impact on cryptocurrency ETF growth

The U.S. Securities and Exchange Commission (SEC) has approved Grayscale’s Digital Large Cap Stock Fund (GDLC) as a spot ETF and is listed on Arca, the New York Stock Exchange. The ETF tracks the CoinDesk 5 index, with 80% of which are Bitcoin, 11% Ethereum, 4.8% Ripple (XRP), 2.8% Solana, and 1.4% Cardano. This marks a milestone in the regulatory space of multi-cryptocurrency ETFs, although Grayscale’s Chainlink Trust is still trading over the market and trading at a lower price than the net asset value (NAV) and is pending SEC approval.