Category: News

Bit Digital’s (BTBT) stock prices rose after the firm announced that it raised an additional $21.4 million after the underwriters of the public offering fully exercised the option to purchase an extra 11.25 million ordinary shares.

This addition brings the total proceeds from the offering to approximately $162.9 million. The company plans to use the funds to accumulate Ethereum (ETH) as part of its overhauled business strategy.

Ethereum Push Drives Bit Digital’s Stock Price Higher

BeInCrypto previously reported that Bit Digital, initially a Bitcoin (BTC) mining company, transitioned to an Ethereum staking and treasury management company. As of Q1 2025, the firm held 24,434.2 ETH and planned to convert its 417.6 BTC into ETH. 

To further increase its Ethereum position, Bit Digital launched a $150 million public offering on June 26. According to the press release, the firm offered 75 million ordinary shares at $2 per share.

Moreover, as part of this offering, the underwriters were granted a 30-day option to purchase an additional 11.25 million shares. They fully exercised this option, raising an additional $21.4 million in net proceeds. Thus, the company sold a total of 86.25 million shares.

“The net proceeds to the Company from the underwritten public offering, including the full exercise of the underwriters’ option to purchase additional ordinary shares, are approximately $162.9 million, after deducting the underwriting discount and estimated offering expenses payable by us. The Company intends to use the net proceeds from this offering to purchase Ethereum,” the firm noted.

Notably, the announcement gave the stock prices the much-needed upward push. Although the news of the transition and offering were initially met with declines, the successful fundraising triggered a rise in stock value. 

Google Finance data showed the BTBT closed at $2.3, marking a 5.48% increase. Moreover, the price rose further by 2.6% in pre-market trading.

The rise in stock prices mirrors the pattern observed in firms’ stocks that have adopted a Bitcoin-focused strategy. This shows that, alongside BTC, Ethereum is also gaining institutional and investor confidence as an asset class.

In fact, BitMine’s earlier announcement to commit $250 million toward an ETH treasury led to a dramatic 684.8% increase in its stock price, highlighting the strong market sentiment and investor appetite for Ethereum-focused strategies.

This rise could be attributed to increased optimism in ETH’s price potential. Many anticipate that the growing stablecoin momentum and validator upgrade could drive prices higher. However, broader market conditions have put a slight pressure on ETH’s latest rally. 

BeInCrypto data showed that the altcoin’s price declined 0.82% over the past day. At the time of writing, Ethereum was trading at $2,444.

The post Bit Digital’s Stock Rises After Securing $162.9 Million for Ethereum Treasury Strategy appeared first on BeInCrypto.

Amid Bitcoin’s recent struggle to stabilize above the critical $105,000 price level, on-chain data has revealed a trend. 

The total circulating supply held by short-term holders (STHs) has surged significantly over the past few days, a signal that historically leans bearish for the coin’s near-term price action.

BTC Under Pressure as Weak Hands Accumulate

According to Glassnode, the total supply of coins held by BTC STHs plunged to a year-to-date low of 2.24 million coins on June 22 and has since rebounded strongly. At 2.31 million, these newer or more reactive investors, typically called “weak hands” or “paper hands,” have bought 70,000 coins.

STHs are investors who have held their coins for less than 155 days. The group is historically known for being more sensitive to price fluctuations. Therefore, when their accumulation spikes, an asset is at risk because they will likely exit the market quickly at the first sign of uncertainty, amplifying volatility.

Additionally, data from Glassnode confirms that this trend occurs alongside a slight reduction in holdings by Long-Term Holders (LTHs). According to the data provider, their total supply holdings have dipped by 0.13%. 

As these investors offload some of their coins, the market’s underlying support may weaken. This makes BTC more susceptible to sharp price swings in the near term.

BTC Struggles Under Bearish Weight

The lengthening red bars of BTC’s BBTrend reflect the steady buildup in bearish pressure. This consistent growth signals that sellers are gradually regaining market control, with downward momentum intensifying.

The BBTrend measures the strength and direction of a trend based on the expansion and contraction of Bollinger Bands. When it returns red bars, the asset’s price consistently closes near the lower Bollinger Band, reflecting sustained selling pressure and hinting at the potential for further downside.

If this continues, the coin could extend its decline and plummet to $104,709.

On the other hand, if demand spikes, it could push BTC’s price above $107,745 and toward $109,310.

The post Bitcoin’s Supply Shifts to Weaker Hands—Is a Sell-Off Next? appeared first on BeInCrypto.

At the EthCC 2025 conference, Ethereum co-founder Vitalik Buterin delivered a sobering yet visionary address. He urged the crypto space to pause and reflect on what it’s building—and why.

Buterin emphasized that decentralization isn’t just a branding slogan—it’s a foundational value that empowers users with freedom.

Crypto Industry is at an Inflection Point: Vitalik Buterin

Vitalik Buterin believes that the crypto industry is at an inflection point.

“Growing the crypto space is not a clear good. The clear goal is to build the right kind of thing. We need a philosophical shift,” Buterin stated.

He highlighted several pressing concerns in the ecosystem: Layer 2s with instant upgrade “backdoors,” decentralized exchanges with questionable mechanics, and dApp frontends that are vulnerable to server-side compromises. As a practical solution, he advocated for immutable frontend hosting via static HTML on IPFS.

Buterin also warned against superficial fixes in privacy and governance. From governance models that auction off votes to identity systems where zero-knowledge proofs fail to protect users under coercion, he argued for a more holistic and rigorous approach.

“Think of privacy as a feature to add, instead of thinking it as a bug to reduce,” he said.

A key litmus test, he noted, is resilience: “If a company disappears, do your users still have their assets?”

Buterin also reflected on broader trends in tech, drawing a comparison to Android. While Android brought Linux to the masses, he questioned whether it truly empowered users.

“The default Android phone has a bunch of spyware… It’s an ecosystem that is very mixed,” he noted.

However, he said that crypto should not follow that same path—something that just goes up in value and then fades.

Buterin stressed that open source, censorship resistance, and user freedom should not be optional.

“We don’t need to be like OpenAI,” Buterin remarked.

The BeInCrypto team is present at the EthCC event and witnessed firsthand Buterin’s call for crypto builders to return to first principles—freedom, resilience, and meaningful decentralization.

The post Vitalik Buterin at EthCC: Keep Crypto Open, Don’t Follow OpenAI’s Closed Path appeared first on BeInCrypto.

Public companies are taking a more aggressive stance on Bitcoin (BTC) than even the much-celebrated exchange-traded funds (ETFs). For the third consecutive quarter, they acquired more BTC than ETFs in Q2 2025.

The trend signals a broader strategic shift among corporate treasuries to adopt Bitcoin as a balance sheet asset.

Corporate Treasuries Take the Lead in Bitcoin Accumulation

Barely a month ago, BeInCrypto reported that more than 60 companies are following MicroStrategy’s Bitcoin playbook, with the report coming ahead of the second quarter (Q2) closing.

Based on the latest findings, public companies continue to uphold the MicroStrategy playbook, progressively mainstreaming the strategy in a crypto-friendly US regulatory environment.

According to data on Bitcoin Treasuries, public companies increased their BTC holdings by roughly 18% in Q2, adding approximately 131,000 BTC.

Exchange-traded funds, by comparison, despite their popularity since the US Bitcoin ETF approval wave in January 2024, only expanded their holdings by 8%, or around 111,000 BTC, during the same period.

The trend marks a clear divergence in buyer behavior. While ETFs typically serve investors seeking price exposure to Bitcoin through regulated financial products, public companies acquire BTC with a longer-term strategic mindset.

They aim to increase shareholder value by holding BTC as a reserve asset or to gain exposure to what many view as digital gold.

This shift is particularly significant in the context of US policy. Since President Donald Trump’s re-election, the regulatory environment has shifted in favor of the crypto industry.

In March, Trump signed an executive order establishing a US Bitcoin reserve. This symbolic but powerful move eliminated much of the reputational risk associated with corporate BTC holdings.

The last time ETFs outpaced companies in BTC acquisition was in Q3 2024, before Trump’s return to office.

New Corporate Entrants Signal Broader Adoption of Bitcoin Treasury Strategy

This Q2 surge included some high-profile moves, including GameStop. The electronics company, once at the center of retail trading frenzies, began accumulating BTC after approving it as a treasury reserve asset in March.

Similarly, Healthcare firm KindlyMD merged with Nakamoto, a Bitcoin investment company founded by crypto advocate David Bailey.

Meanwhile, ProCap, Anthony Pompliano’s new investment vehicle, announced its own BTC accumulation strategy while preparing to go public via SPAC.

We now hold more bitcoin than Gamestop.

The race is on to acquire as many bitcoin as possible.$CCCM $GME pic.twitter.com/Z2RdDl1nYi

— Anthony Pompliano (@APompliano) June 25, 2025

Nevertheless, Strategy (formerly MicroStrategy) remains the undisputed leader in the corporate Bitcoin race with 597,325 BTC under management. Mara Holdings follows, holding 49,940 coins.

Combined, public companies now hold approximately 855,000 BTC, about 4% of Bitcoin’s fixed supply cap of 21 million.

ETFs still hold more in absolute terms (around 1.4 million BTC or 6.8%), but corporate buying momentum has been stronger in recent quarters.

While the long-term sustainability of the corporate Bitcoin rush is up for debate, the short-term momentum is unmistakable.

As Bitcoin becomes more normalized, traditional institutional investors may bypass proxies such as ETFs and treasuries, eventually gaining direct exposure through regulated channels. Still, corporate treasuries are acting as a powerful new mechanism for pushing Bitcoin forward.

With the regulatory climate aligned and equity markets offering new ways to access capital, companies are leveraging their balance sheets not just to hedge, but to outperform.

The post Public Firms Outpace ETFs in Bitcoin Accumulation for Third Straight Quarter appeared first on BeInCrypto.

Meme coin Pudgy Penguins (PENGU) is today’s top gainer, jumping nearly 10% in the last 24 hours despite a broader market pullback. 

Today’s rally adds to the bullish momentum that began after the altcoin broke out of its descending parallel channel on June 27. Since then, PENGU has surged by over 50%, marking one of the strongest recoveries among meme coins over the past month.

PENGU Breaks Out, Hits 50% Gains

Readings from the PENGU/USD one-day chart show that between May 14 and June 26, the altcoin traded within a descending parallel channel. 

This pattern emerges when an asset’s price makes successive lower highs and lower lows, moving between two downward-sloping parallel trendlines. It reflects a downtrend as selling pressure spikes and bullish sentiment weakens. 

However, things shifted on June 27 when PENGU closed above this channel and initiated a rally afterwards. Now trading at $0.015, the meme coin’s price has since climbed by 50%.

PENGU Flashes Strong Buy Signals

Technical indicators show PENGU is poised to extend these gains in the short term. For example, the token’s Aroon Up Line is at 100% as of this writing. This means PENGU’s current uptrend is strong, backed by significant demand and not driven by speculative trades. 

An asset’s Aroon Indicator measures the strength and direction of a trend by tracking the time since the highest and lowest prices over a given period. It comprises two lines: Aroon Up, which measures bullish momentum, and Aroon Down, which tracks bearish pressure. 

As with PENGU, when the Aroon Up line is at 100%, the asset has recently hit a new high, signaling strong upward momentum and a dominant bullish trend. This suggests that buying pressure is high, and the price may continue rising.

Moreover, the setup of the token’s Moving Average Convergence Divergence (MACD) indicator supports this bullish outlook.  At press time, PENGU’s MACD line (blue) rests above the signal line (orange), highlighting the bullish strength in the market.

The MACD indicator identifies trends and momentum in its price movement. It helps traders spot potential buy or sell signals through crossovers between the MACD and signal lines. 

As with PENGU, when the MACD line crosses above the signal line, it signals positive momentum, suggesting that buying activity is increasing. Traders interpret this setup as a buy signal, which could add more upward pressure on the meme coin’s price.

PENGU Eyes $0.017 Breakout as Bulls Push Higher

If current momentum holds, PENGU could soon attempt to break above its next resistance level at $0.017 and flip it into a support floor. 

A successful breach of this price zone could propel the altcoin toward $0.019.

Conversely, failure to maintain the current trend could trigger a PENGU token price dip to $0.012.

The post PENGU Pumps 50% as Bulls Take Charge Post-Breakout appeared first on BeInCrypto.

Trump’s Big Beautiful Bill no longer contains a 10-year moratorium on AI regulation, causing several setbacks for related tokens. Trade volumes and market cap for AI cryptoassets both fell over 5% in the last 24 hours.

Senators overwhelmingly shot down the moratorium in a 99-1 vote that saw pro-crypto legislators abandon the effort. Still, the market sector was already in a slump, and it’s hard to determine the bill’s impact.

Big Beautiful Bill Won’t Help AI

Trump’s Big Beautiful Bill is a key piece of legislation that covers a huge range of topics. Intense political controversies caused the bill to change shape many times, but it finally passed the Senate today.

However, Senators overwhelmingly rejected the bill’s language supporting AI, showing a massive rebuke for the entire industry.

NEWS: The Senate has removed AI moratorium from the reconciliation bill in a whopping 99-1 vote. Deals a massive blow to the effort to make this happen in the GOP package

— Diego Areas Munhoz (@Dareasmunhoz) July 1, 2025

The vote was nearly unanimous, signaling real apprehension towards the industry. Indeed, the only Senator who voted for it, Thom Tillis, already announced that he won’t seek re-election.

A lot of cryptoassets are tied to the AI industry, and the market sector has taken some major hits since the bill’s language changed. Market cap and volume are both down over 5%:

So, this leaves us with a few questions. What were the Big Beautiful Bill’s positions on AI? Why did the Senate overwhelmingly reject them? Can we expect the AI token market to continue showing reduced trade volumes and market capitalization?

The bill’s plan, essentially, was to impose a 10-year moratorium on AI regulation for all US states. This may have taken the form of an outright ban or a more roundabout method.

It would have proposed a $500 million fund on AI infrastructure development, but only states with zero AI regulations could access this money. Google and OpenAI supported this plan.

Such a vision would’ve created a lot of problems, and pro-crypto Senators even turned on it. If the bill banned AI regulation for 10 years, states would be powerless to prevent future AI-related crimes.

Obvious offenses include fraud or copyright infringement, but people might even use AI tools to simulate depictions of child abuse, as some Senators warned. This possibility caused prominent Republicans like Marsha Blackburn to disavow the effort.

Unfortunately, it’s difficult to say how the bill will impact the AI token market in the long term. So far, the Big Beautiful Bill has been very unpredictable already.

For example, Elon Musk’s opposition to the bill caused several Musk-related meme coins to flourish, but Dogecoin fell by over 5%. This chaos could create new opportunities, but it’s uncertain where they’ll appear.

Additionally, the AI token sector was already in a slump before the bill passed. These 5% drops are concerning, but AI asset trade volumes fell over 38% in the last 30 days.

Compared to other macroeconomic concerns, these legislative hurdles might not leave a lasting mark on the sector.

The post AI Tokens Plunge 10% As US Senate Rejects Federal AI Regulation Freeze appeared first on BeInCrypto.

DeFi Development announced a new $100 million private convertible note offering, aiming to execute MicroStrategy’s acquisition plan with Solana.

However, this ambitious plan may face a setback, as its stock price fell over 9% after announcing the sale. Solana’s own performance has been wobbly, and this effort may reflect the crypto market’s own appetites.

Can DeFi Development Buy Enough Solana?

Since MicroStrategy kicked off the trend, companies around the globe have been building Bitcoin stockpiles. This phenomenon might have profound implications for BTC, but it’s mostly stayed isolated to this asset.

However, DeFi Development is forging a new path, committing to Solana as its asset of choice:

1/ Today, we announce a $100M private convertible note offering, with plans to accumulate more $SOL.

Here’s what it means. pic.twitter.com/LGdJAuKDM6

— DeFi Dev Corp. (@defidevcorp) July 1, 2025

According to this plan, DeFi Development aims to raise $100 million to purchase more Solana. If the offering goes well, it may upsize to $125 million, with the convertible senior notes due in 2030.

Additionally, an undisclosed portion of the proceeds will go to stock buybacks as part of a prepaid forward to manage portfolio risk. This indicates a well-considered strategy.

Previously, the company was a commercial real estate firm named Janover. However, it rebranded to DeFi Development this April, intending to fully commit to SOL.

The SEC rejected its initial plan to raise $1 billion through securities sales for Solana purchases, but it accessed alternate funding sources to begin acquiring assets.

As it stands, the plan currently has significant advantages and drawbacks. Unfortunately, DeFi Development will need to contend with Solana’s recent price woes.

Although SOL had some positive momentum in late May, it saw setbacks throughout June and faces bearish market trends in July. Today, the asset’s price has already fallen 6%.

However, DeFi Development might have a key influence over Solana. While most corporate Bitcoin holders are following MicroStrategy, this firm could be a market mover for SOL.

Saylor’s company is a pillar of confidence in BTC, with its constant purchases helping the price stay afloat. DeFi Development’s own investments could carry out the same function.

Still, there’s a lot of uncertainty involved. For one thing, if the firm wants to buy $100 million worth of SOL, it will need to sell an equivalent amount of stock. DeFi Development might not find sufficient institutional interest, considering the Solana market.

Since declaring the note offering, DeFi Development’s stock fell over 9% in after-hours trading. The downturn began less than 30 minutes after the firm’s social media announcement, which may be a bad sign.

Whether the company succeeds or fails, this stock offering will provide useful data about market appetites and the viability of corporate crypto acquisition strategies.

The post ‘Solana’s MicroStrategy’ Announces $100 Million Stock Offering for SOL Purchases appeared first on BeInCrypto.

The US Senate has narrowly passed former President Donald Trump’s sweeping $3.3 trillion fiscal package — the so-called “Big Beautiful Bill.” As the legislation heads to the House for final approval, crypto markets are closely watching the potential impact.

Bitcoin and Ethereum prices remained steady Tuesday despite the broader market dip. However, BeInCrypto analysis projects that this bill, if enacted, could reshape investor sentiment and capital allocation.

Bitcoin Likely to Gain as a Fiscal Hedge

The most immediate impact would be on Bitcoin. The bill expected to raise the national debt by over $3 trillion. So, market participants are already bracing for longer-term inflationary pressure. 

Bitcoin, often viewed as a hedge against fiat currency debasement, could benefit from renewed demand.

Most importantly, a weaker dollar and declining confidence in US fiscal management would likely reinforce Bitcoin’s “digital gold” narrative.

Altcoins Could See Uneven Benefits

Ethereum and other large-cap altcoins may also gain short-term support. Risk rotation out of bonds and into alternative assets often lifts crypto broadly.

However, not all tokens are positioned equally. Infrastructure and utility tokens stand to benefit from increasing activity and capital flows. 

The Big Beautiful Bill (BBB) passed the Senate. It returns to the House and will likely pass to Trump’s desk for his signature. The more debt, the better for Altcoins. pic.twitter.com/2Aeb8Wp7C9

— Marius BitcoinTAF.com (@LandM_Marius) July 1, 2025

Meme coins and speculative assets, on the other hand, may remain volatile or underperform.

Clearer tax rules — such as exemptions for small crypto transactions — could encourage broader adoption, particularly among retail users.

Retail and Institutional Sentiment Will Likely Diverge

Retail investors could respond positively to lower personal taxes and simplified crypto reporting.

If the final bill includes crypto-friendly tax reforms — including de minimis exemptions and staking income clarity — it could lower friction for small traders and DeFi users.

Institutional sentiment may be more cautious. Rapid debt accumulation and a potentially inflationary outlook could lead institutional investors to adopt a wait-and-see approach, especially if the Federal Reserve tightens policy in response.

One Big Beautiful Bill and #Bitcoin taxation

The “One Big Beautiful Bill” includes provisions that could impact Bitcoin and other digital asset taxes. Specifically, it proposes eliminating capital gains tax on Bitcoin transactions under $600, aiming to treat small crypto…

— MartyParty (@martypartymusic) June 29, 2025

Short-Term Outlook: Crypto Market Could Push Higher

If the House passes the bill with crypto provisions intact, Bitcoin and Ethereum may rally further. Capital rotation out of Treasuries, driven by rising US debt and fiscal uncertainty, could drive prices higher.

The total crypto market cap could test the $3.5 to $3.7 trillion range in the near term.

However, the extent of the rally will depend on broader macroeconomic conditions, including interest rate policy, regulatory enforcement, and global liquidity trends.

Medium-Term Outlook: Fed Policy Will Be Key

The longer-term impact on crypto hinges on how the Federal Reserve responds to the bill’s inflationary effects.

If the Fed raises interest rates to counter fiscal expansion, this could strengthen the dollar and pressure crypto markets. Conversely, if the Fed remains accommodative, digital assets may continue to benefit.

The Fed is bracing for stagflation:

The number of FOMC members who see upside risks to both their inflation and unemployment forecasts reached 14 in May.

Furthermore, 18 and 17 members saw upside risks to inflation and unemployment, respectively, in March.

On the other hand,… pic.twitter.com/G4674kS2iB

— The Kobeissi Letter (@KobeissiLetter) July 1, 2025

The survival of the bill’s crypto provisions will also be crucial. If tax relief measures are stripped out or watered down in the House version, the sector could face renewed headwinds.

Bottom Line

The Senate’s passage of Trump’s “Big Beautiful Bill” marks a major fiscal shift. 

If it clears the House, crypto assets — especially Bitcoin — are likely to benefit from growing fiscal concerns and investor desire for alternative hedges.

Yet volatility remains a risk. Fed policy, inflation data, and legislative negotiations will shape how sustainable any crypto rally becomes.

The post US Senate Passed Trump’s ‘Big Beautiful Bill’ — But What Does It Mean for Crypto? appeared first on BeInCrypto.

Arizona Governor Katie Hobbs has vetoed another Bitcoin (BTC) reserve bill. House Bill 2324 sought to establish a ‘Bitcoin and Digital Assets Reserve Fund’ funded by criminal asset forfeiture.  

This marks the third veto of a digital asset reserve bill in the current legislative session, highlighting a cautious approach to incorporating cryptocurrency into the state’s financial framework.

Arizona’s Bitcoin Reserve Bill Dies After Governor Hobbs’ Veto

BeInCrypto reported that the bill initially failed a final House vote in early May. Nonetheless, lawmakers revived it in late June, and it passed a Senate Vote. On June 24, HB 2324 cleared the House with a 34-22 vote.

However, the bill is now officially dead with Governor Hobbs’ veto. In her veto letter, addressed to House Speaker Steve Montenegro, she cited concerns over the legislation’s impact on local law enforcement. 

“Today, I vetoed House Bill 2324. This bill disincentives local law enforcement from working with the state on digital asset forfeiture by removing seized assets from local jurisdictions,” the letter read.

This veto follows the rejection of two earlier bills, Senate Bill 1025 and Senate Bill 1373. The former aimed to permit the state to invest up to 10% of its public funds in Bitcoin or other digital assets.

SB 1373 proposed funding the Digital Assets Strategic Reserve Fund with digital assets seized by the state, additional funds appropriated by the Arizona Legislature, and permitted further state investments. Besides the reserve bills, Governor Hobbs also vetoed Senate Bill 1024. This would have allowed state agencies to accept cryptocurrency for payments such as fines, taxes, and fees.

Despite these vetoes, Arizona has not entirely abandoned the concept of digital asset reserves. HB 2749, signed into law on May 7, establishes a reserve funded by unclaimed property, including virtual currencies, airdrops, and staking rewards. 

This bill does not authorize direct investment in cryptocurrencies. Still, it represents a compromise that avoids using state funds while still integrating digital assets into public finance. This aligns with her administration’s conservative approach to managing taxpayer money.

Meanwhile, Connecticut has adopted a more stringent stance. On June 30, Governor Ned Lamont signed a bill into law that prohibits the state and its subdivisions from accepting virtual currency for payments or from purchasing, holding, investing in, or creating digital asset reserves.

While opposition exists, the momentum for state-level Bitcoin reserves is still strong. According to the latest data from Bitcoin Laws, there are currently 17 active bills across eight different states. This indicates that, despite resistance, there is continued interest and effort in establishing Bitcoin reserves at the state level.

The post Arizona Governor Vetoes Third Bitcoin Reserve Bill, Citing Local Law Enforcement Concerns appeared first on BeInCrypto.

The SEC just approved a new ETF application from Grayscale, combining Bitcoin, Ethereum, Solana, XRP, and Cardano into one product. This represents a major breakthrough for regulatory approval.

BTC and ETH, which already have available spot ETFs, make up more than 90% of the product’s composition. Still, this sets a few big precedents for the US ETF market.

Grayscale’s New ETF

Grayscale, a leader in the fight for a Bitcoin ETF, has been pushing at the boundaries in several ways. It’s filed several altcoin proposals and attempted to create a staking ETF in recent months alone. However, this new product is practically a new paradigm, tying five separate tokens into a single offering:

NEW: There’s the approval order for @Grayscale‘s $GDLC to convert into an ETF. This is their Digital Large cap fund that holds Bitcoin, Ethereum, Solana, XRP, and Cardano. Final deadline was tomorrow https://t.co/jSt1HBWD3E pic.twitter.com/9kALeDD2Uh

— James Seyffart (@JSeyff) July 1, 2025

According to the SEC filing, Grayscale’s new ETF will heavily weigh towards Bitcoin; 80.20% of its value goes to it. ETH will represent 11.39% of the ETF’s value, XRP 4.82%, Solana 2.78%, and Cardano 0.81%. Technically, this will be the first US spot ETF that’s tied to these major altcoins, but BTC and Ethereum make up more than 90% of the fund. These assets already have spot ETFs.

Still, this is a major signal from the SEC. Several firms are attempting to create bundled products and altcoin ETFs alike, but Grayscale finally won the race. Hopefully, this indicates some similar approvals in the near future.

The post SEC Approved Grayscale’s Digital Large Scale Fund ETF appeared first on BeInCrypto.