灰度投資檔案將其數字大帽基金（GDLC）轉換為包括XRP的交易所交易基金（ETF）

加密貨幣投資格局正在迅速發展，灰度投資正處於這種轉型的最前沿。據傑克·史蒂普勒（Jacktherippler）說

In a swift market response to Grayscale's latest move, Grayscale Investments has made headlines with its application to convert the Digital Large Cap Fund (GDLC) into a publicly traded exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC).

在迅速對Grayscale的最新舉動的迅速反應中，Grayscale Investments已將其申請的頭條新聞成為將數字大型CAP基金（GDLC）與美國證券交易委員會（SEC）轉換為公開交易的交易所交易基金（ETF）的頭條新聞。

Most notably, the ETF will include XRP, a significant milestone for the token amid its ongoing journey toward broader institutional acceptance.

最值得注意的是，ETF將包括XRP，這是代幣的重要里程碑，在其持續的更廣泛的機構接受之旅中。

Grayscale, renowned for Grayscale Bitcoin Trust (GBTC), recently achieved the launch of the first spot Bitcoin ETF in the U.S. This step marks a broader push to offer diversified crypto investment products in a regulated and publicly accessible manner.

Grayscale以格雷斯卡比特幣信託（GBTC）而聞名，最近在美國獲得了第一個位置比特幣ETF的推出，這一步驟標誌著以監管且公共易於訪問的方式提供多元化的加密投資產品。

The Digital Large Cap Fund is designed to track a basket of top cryptocurrencies, providing investors with exposure to leading digital assets. The fund already encompasses major assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and now XRP.

數字大型CAP基金旨在跟踪一籃子頂級加密貨幣，為投資者提供領先的數字資產。該基金已經涵蓋了比特幣（BTC），以太坊（ETH），Solana（Sol）和現在的XRP等主要資產。

Among several noteworthy takeaways:

在幾個值得注意的收穫中：

* Grayscale's application to the SEC comes after the approval of the first spot Bitcoin ETFs in the U.S., setting the stage for broader crypto product availability.

*灰度對SEC的申請是在美國第一名比特幣ETF的批准之後，為更廣泛的加密產品供應奠定了基礎。

* The inclusion of XRP in the ETF is pivotal given the SEC's prior regulatory actions against the token, which some viewed as an impediment to broader institutional participation.

*鑑於SEC對代幣的先前監管行為，將XRP納入ETF是關鍵的，有些人認為這是對更廣泛的製度參與的障礙。

* If approved, the ETF could open up new avenues for U.S.-based investors to gain diversified exposure to cryptocurrencies through traditional investment channels.

*如果獲得批准，ETF可以為美國投資者開放新的途徑，以通過傳統的投資渠道獲得多元化的加密貨幣。

Regulatory Shifts and ETF Approvals

監管轉變和ETF批准

Following the approval of the first spot Bitcoin ETF earlier this year, there is growing anticipation for the SEC's decision on other types of crypto ETFs.

在今年早些時候獲得第一名比特幣ETF的批准後，對SEC對其他類型的加密ETF的決定的期望日益提高。

Despite initial setbacks in 2024, several U.S. institutions, including Bitwise and WisdomTree, have already submitted applications for spot Ethereum ETFs.

儘管在2024年最初遇到了最初的挫折，但包括位和WisdomTree在內的幾家美國機構已經提交了現場以太坊ETF的申請。

Moreover, Grayscale is engaged in a legal battle against the SEC to overturn the agency's rejection of Gbtc's conversion into a spot Bitcoin ETF earlier this year.

此外，格雷斯卡（Grayscale）與美國證券交易委員會（SEC）進行了法律鬥爭，以推翻該機構在今年早些時候將GBTC轉換為比特幣ETF的拒絕。

A setback in the case could hinder the approval prospects of other institutions' applications.

案件的挫折可能會阻礙其他機構申請的批准前景。

A setback in the case could hinder the approval prospects of other institutions' applications.

案件的挫折可能會阻礙其他機構申請的批准前景。

Grayscale's move to apply for the Digital Large Cap Fund ETF comes amid a broader shift in the regulatory landscape for crypto products.

Grayscale申請數字大型CAP基金ETF的舉動發生在加密產品的監管景觀方面發生了更大的轉變。

Earlier this year, the SEC also took action against major cryptocurrency exchange Binance and its U.S. subsidiary for allegedly operating without the required registrations.

今年早些時候，美國證券交易委員會還針對主要的加密貨幣交易所二元公司及其子公司採取了訴訟，據稱在沒有必要的註冊的情況下運營。

In a separate development, a federal judge ruled in favor of Ripple Labs in the SEC's case against the blockchain firm. The SEC had been attempting to classify XRP as a security.

在另一項發展中，一名聯邦法官在SEC針對區塊鏈公司的案件中裁定支持Ripple Labs。 SEC一直試圖將XRP分類為安全性。

However, the judge's decision, which is still subject to appeal by the SEC, could have implications for how other crypto tokens are regulated in the U.S.

但是，法官的決定仍然受到SEC的上訴，可能會影響美國其他加密代幣如何受到監管