📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
SEC Clears Grayscale Digital Large Cap Fund for NYSE Arca ETF Listing
The SEC has approved NYSE Arca’s listing of a Grayscale large-cap fund holding bitcoin, ether, solana, XRP, and cardano, expanding regulated access to leading digital assets.
SEC Approves Rule Change for Grayscale Crypto Fund Listing on NYSE Arca
The U.S. Securities and Exchange Commission (SEC) on July 1 approved a rule change enabling the conversion of the Grayscale Digital Large Cap Fund LLC into a spot exchange-traded fund (ETF), clearing the way for its shares to be listed and traded on NYSE Arca. The decision transitions the fund from a traditional crypto investment vehicle to a fully regulated spot ETF under NYSE Arca’s amended Rule 8.500-E.
This conversion marks a pivotal regulatory step for digital asset ETFs, offering broader access to cryptocurrencies through traditional financial infrastructure. The fund, now operating as a spot ETF, tracks the Coindesk 5 Index, including bitcoin, ether, solana, XRP, and cardano. The filing states:
The SEC requires that at least 85% of a fund’s assets consist of cryptocurrencies backing SEC-approved exchange-traded products. The remainder may include other digital assets, as long as the portfolio remains compliant. If the threshold is breached or at risk of being breached, the fund manager must either rebalance or halt trading to maintain regulatory compliance and manage risk.
Amendments to Rule 8.500-E expand eligibility for Trust Units to include limited liability companies and eliminate the requirement for funds to be commodity pools. These changes support broader crypto ETF structures while maintaining safeguards such as market surveillance and transparency. The ETF will calculate its net asset value daily at 4:00 p.m. ET using Coindesk reference rates, with shares issued and redeemed in blocks of 10,000 for cash by authorized participants. The SEC emphasized that investor protections remain in effect despite structural adjustments.