Grayscale ETF Gets Approved as New Guidance Drops: Traders Look to Snorter Token

The SEC has officially greenlit Grayscale’s move to transform its Digital Large-Cap Fund into a full-blown exchange-traded fund (ETF), marking a huge step forward for crypto’s presence on traditional markets.

This ETF offers exposure to the big guns of the crypto world, with the portfolio currently weighted as follows: Bitcoin (80.2%), Ethereum (11.3%), XRP (4.8%), Solana (2.7%), and Cardano’s ADA (0.81%). It’s a streamlined way for investors to tap into a diversified basket of blue-chip digital assets, all under a single ticker.

Before the conversion, this fund ran as a trust and often traded at a 20%+ premium, creating risky, but sometimes juicy, arbitrage setups for savvy traders.

Now that it’s ETF-approved, that price dislocation is likely to flatten out, while giving mainstream investors regulated access to crypto’s top assets. That’s a win for accessibility, liquidity, and institutional credibility across the board.

• Market participants would buy $BTC on the open market and convert it into trust shares.
• Then, all they needed to do was wait for the lock-in period (usually 6 months) to be over to sell those trust shares at the premium, taking advantage of market inefficiency.
• However, the absence of in-kind redemptions and the lengthy lock-in period made this strategy risky, in case $BTC dropped considerably during that time.

With the ETF conversion, though, this inefficiency is gone. Investors can now redeem shares directly for Bitcoin, benefitting from higher liquidity, tighter spreads, and NAV-based fair value pricing.

Read on to know more about the SEC’s updated ETF guidelines. We’ll also point you toward one presale crypto (Snorter Token) that could lead the next big wave.

New SEC Crypto ETF Guidelines

The SEC has also issued new guidelines for crypto ETFs, imposing more disclosure and compliance requirements.

For starters, the SEC will scrutinize aspects such as asset selection, custody arrangements, and insurance coverages.

ETFs must disclose how the NAVs are priced, including the data sources used in their pricing models. Along with this, ETF issuers must also disclose who their key service providers are and the rationale behind their selection.

The SEC is also planning to fast-track the ETF listing procedure, where ETFs can be exempted from the 19b-4 rule change process.

This rule requires ETF issuers to submit formal approval requests to the SEC, especially while listing new financial products.

Last but not least, the committee is also mulling over a rule that would allow ETFs to go live after a 75-day review. Currently, the proposal time is a whopping 240 days.

With the SEC actively legitimizing crypto through clearer regulations and ETF approvals, the stage is set for a fresh wave of adoption and growth.

While the spotlight will undoubtedly shine on legacy assets like Bitcoin and Ethereum, the real upside could come from early-stage tokens riding the momentum. One such breakout contender? Snorter Token ($SNORT).

What is Snorter Token?

$SNORT is the cryptocurrency behind Snorter Bot, a new Telegram-based trading bot simplifying finding and then trading in the best meme coins.

It’s currently compatible with Solana but will soon offer support for other chains, too, including Ethereum, BNB, Polygon, and Base.

One of the biggest benefits of Snorter Bot is that it lets you carry out your trading activities without having to leave the popular messaging app.

You can place buy/sell limit orders, stop-losses, and even manage your crypto portfolio from within Telegram.

In addition to ease of use, Snorter stands out by letting you snipe liquidity in new meme coins that are fresh out of the oven on exchanges.

With fast and automatic order executions, you’ll be able to sidestep the tactics deployed by crypto whales and other large institutions, who eat up all the liquidity in newly listed meme coins.

This early access gives retail traders a critical advantage. Snorter allows you to position yourself ahead of the hype cycle, where the biggest gains often happen.

Rock-Solid Security Built-In for Peace of Mind

As cute as Snorter’s aardvark mascot is, under the hood, the token is equally ferocious and mindful of the needs of modern-day meme coin trading.

The bot is laced with security features, such as anti-fraud and scam detection, to protect users from automated sniping scams, rug pulls, and honeypots, as well as maximally extractable value (MEV) or sandwich attacks.

Last but not least, Snorter also comes built-in with an excellent copy-trading feature. This allows you to mirror the moves of top traders, giving you a head start in smart trading.

It’s particularly useful if you’re new to crypto/meme coin trading or just don’t have the time to learn this rather advanced and hard skillset.

Buy $SNORT for Low Fees, Staking Rewards & Exceptional ROI

Buying Snorter Token ($SNORT) comes with a truckload of benefits, starting from reduced trading fees.

As opposed to Snorter’s usual 1.5%, $SNORT owners will only have to pay 0.85% as trading fees.

Holding $SNORT also removes daily sniping limits, unlocks advanced analytics, and unlocks passive income opportunities in the form of dynamic staking rewards (currently 236% p.a.).

Luckily for you, Snorter Token is currently in presale, which means prices are at their lowest. One $SNORT is presently available for just $0.0971, and the project has in total raised over $1.48M.

Notably, our Snorter Token price prediction suggests that it could be the next crypto to explode, surging around 1,900% and reaching $1.92 by 2026.

Read through Snorter’s whitepaper to learn more about the trading bot and the token powering it. Also, check out our detailed guide on how to buy $SNORT.

Conclusion

The SEC approving a large-scale crypto ETF could be a turning point for the meme coin industry.

With crypto occupying a significant place in mainstream finance, it could open the door to billions in potential inflows, which could come pouring into newer, promising cryptos like Snorter Token ($SNORT).

However, do remember that in crypto, nothing is guaranteed. Our article isn’t financial advice, and we strongly urge our readers to do their own research before investing.