"Graduation": Barry Silbert's reaction to the approval of XRP ETF

Digital Currency Group founder Barry Silbert praised the Securities and Exchange Commission’s approval of Grayscale’s Digital Large Cap Stock Fund (GDLC) for being “groundbreaking”, marking the official launch of the first ETF covering a wide range of cryptocurrencies. The fund covers Bitcoin, Ethereum, Ripple (XRP) (5.2%), Solana and Cardano. Originally launched in 2018 for qualified investors, GDLC currently manages $915.6 million. Greyscale CEO Peter Mintzberg said the team is “quickly” bringing the product to market, which cements the company’s position as a pioneer in cryptocurrency ETFs.