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Grayscale’s GDLC Faces Final SEC Decision — Altcoin Market Braces for Impact

Source Tradingkey

TradingKey – The U.S. Securities and Exchange Commission (SEC) is approaching its final deadline to approve or reject the Grayscale Digital Large Cap ETF (GDLC), a decision that could trigger major volatility across the altcoin market.

On Monday, June 30, Nate Geraci, President of The ETF Store, noted that the SEC must issue a ruling this week on Grayscale’s application to convert GDLC into a spot ETF. The fund currently holds 77% Bitcoin (BTC), 17% Ethereum (ETH) , and the remaining 6% in altcoins such as Solana(SOL), Ripple (XRP) , Cardano (ADA), and Avalanche (AVAX).

If approved, GDLC would become the first U.S.-listed multi-crypto ETF to include altcoins — potentially paving the way for individual altcoin ETFs in the near future. Conversely, a rejection could delay or derail similar filings and weigh heavily on the altcoin sector.

Given the Trump administration’s pro-crypto stance and recent regulatory momentum — including the approval of spot Bitcoin and Ethereum ETFs — analysts believe GDLC has a strong chance of being greenlit.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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