7 Jul 2025
📈NYSE Arca Accelerates Approval for Grayscale Digital Fund
Self-Regulatory Organizations; NYSE Arca, Inc.; Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1 Thereto, To Amend NYSE Arca Rule 8.500-E (Trust Units) and To List and Trade Shares of the Grayscale Digital Large Cap Fund LLC Under Amended NYSE Arca Rule 8.500-E (Trust Units)
Summary
The SEC has granted accelerated approval for NYSE Arca to amend Rule 8.500-E, allowing the listing and trading of the Grayscale Digital Large Cap Fund. The changes redefine Trust Units and broaden the types of entities eligible to issue them, impacting investment dynamics in digital assets and enabling greater flexibility in trading practices.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The approval of the proposed rule change enhances the trading opportunities for Trust Units, including the Grayscale Digital Large Cap Fund, thereby impacting investment strategies and capital formation for businesses. This move opens avenues for listing more digital assets, reflecting shifts in market dynamics.