Grayscale has received approval from the U.S. Securities and Exchange Commission (SEC) to convert its crypto index fund into an Exchange-Traded Fund (ETF). Announced on July 2, 2025, this regulatory green light marks a significant milestone for Grayscale, enhancing its ability to offer diversified crypto investment products. The conversion is expected to improve accessibility and liquidity for investors, aligning with the industry's shift towards mainstream adoption of digital assets.