Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The first U.S. cryptocurrency index exchange-traded fund has gone live for trading. ​ "We are ushering in the age of crypto index investing," Grayscale CEO Peter Mintzberg told CNBC last week as the Grayscale Digital Large Cap Fund (NYSE: GDLC) finally went live for trading. ​ The fund, also known as the Grayscale CoinDesk Crypto 5 ETF, provides investors with exposure to the top five largest and most l ...

The ETF universe may be expanding faster than the actual universe. Last week, the US Securities and Exchange Commission approved generic listing standards for several exchanges that cover spot-price commodity and digital asset exchange-traded products. That’s a pass for exchanges (Nasdaq, Cboe BZX and NYSE Arca) to list crypto ETFs without having to get a rule change every time from the SEC. And it echoes the regulator’s 2019 ETF rule, which allowed issuers to launch products without first getting exempti ...