灰度投资档案将其数字大帽基金（GDLC）转换为包括XRP的交易所交易基金（ETF）

加密货币投资格局正在迅速发展，灰度投资正处于这种转型的最前沿。据杰克·史蒂普勒（Jacktherippler）说

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).

在迅速对Grayscale的最新举动的迅速反应中，Grayscale Investments已将其申请的头条新闻成为将数字大型CAP基金（GDLC）与美国证券交易委员会（SEC）转换为公开交易的交易所交易基金（ETF）的头条新闻。

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将包括XRP，这是代币的重要里程碑，在其持续的更广泛的机构接受之旅中。

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以格雷斯卡比特币信托（GBTC）而闻名，最近在美国获得了第一个位置比特币ETF的推出，这一步骤标志着以监管且公共易于访问的方式提供多元化的加密投资产品。

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.

数字大型CAP基金旨在跟踪一篮子顶级加密货币，为投资者提供领先的数字资产。该基金已经涵盖了比特币（BTC），以太坊（ETH），Solana（Sol）和现在的XRP等主要资产。

Among several noteworthy takeaways:

在几个值得注意的收获中：

* 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.

*灰度对SEC的申请是在美国第一名比特币ETF的批准之后，为更广泛的加密产品供应奠定了基础。

* 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.

*鉴于SEC对代币的先前监管行为，将XRP纳入ETF是关键的，有些人认为这是对更广泛的制度参与的障碍。

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

*如果获得批准，ETF可以为美国投资者开放新的途径，以通过传统的投资渠道获得多元化的加密货币。

Regulatory Shifts and ETF Approvals

监管转变和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.

在今年早些时候获得第一名比特币ETF的批准后，对SEC对其他类型的加密ETF的决定的期望日益提高。

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

尽管在2024年最初遇到了最初的挫折，但包括位和WisdomTree在内的几家美国机构已经提交了现场以太坊ETF的申请。

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）与美国证券交易委员会（SEC）进行了法律斗争，以推翻该机构在今年早些时候将GBTC转换为比特币ETF的拒绝。

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

案件的挫折可能会阻碍其他机构申请的批准前景。

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

案件的挫折可能会阻碍其他机构申请的批准前景。

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申请数字大型CAP基金ETF的举动发生在加密产品的监管景观方面发生了更大的转变。

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.

今年早些时候，美国证券交易委员会还针对主要的加密货币交易所二元公司及其子公司采取了诉讼，据称在没有必要的注册的情况下运营。

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.

在另一项发展中，一名联邦法官在SEC针对区块链公司的案件中裁定支持Ripple Labs。 SEC一直试图将XRP分类为安全性。

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，法官的决定仍然受到SEC的上诉，可能会影响美国其他加密代币如何受到监管