Grayscale Advances Crypto ETF Plans Despite SEC Halt
July 4, 2025
Grayscale remains committed to launching its cryptocurrency ETF after the SEC paused its conversion approval. The Grayscale Digital Large Cap Fund LLC, initially approved for transformation into an ETP, faced a last-minute suspension.
Key Details:
- Portfolio composition: 80% Bitcoin, 11% Ethereum, with Solana, Cardano, and XRP making up the remainder.
- Industry analysts view this as SEC’s effort to refine crypto ETF frameworks, potentially paving the way for single-asset ETFs (e.g., SOL, ADA).
Grayscale Updates Solana ETF Proposal with 2.5% Fee
June 24, 2025
Grayscale filed an amended S-1/A application for its Solana ETF (Grayscale Solana Trust), disclosing a 2.5% management fee. This move aligns with its strategy to expand crypto-based financial products.
Upbit Lists Raydium (RAY) for KRW and USDT Trading
June 19, 2025
South Korean exchange Upbit announced support for RAY trading pairs, boosting liquidity and accessibility for investors.
SEC Delays Decisions on Multiple Crypto ETFs
June 13, 2025
The SEC postponed rulings on:
- Bitwise Dogecoin ETF
- Grayscale Hedera Trust
- VanEck Avalanche ETF
Regulatory clarity remains pending as the agency evaluates market risks.
Raydium LaunchLab Achieves Milestones
May 18, 2025
- 119,123 tokens created since April launch.
- 0.21% graduation rate (253 tokens migrated to AMM pools).
May 14, 2025
Raydium vs. Pump.fun:
- 24-hour graduations: 99 (LaunchLab) vs. 138 (Pump.fun).
- New tokens: 8,057 (LaunchLab) vs. 19,840 (Pump.fun).
May 13, 2025
- LaunchLab outperformed Pump.fun with 198 graduated tokens, driven by Letsbonk.Fun’s meme coin platform.
- Graduation threshold: 85 SOL (~$11,150) required for AMM migration.
Raydium Q1 Performance Highlights
May 13, 2025
- Avg. daily trading volume: $3.6B (+12.7% QoQ).
- Record January volume: $63B/day.
- 154M RAY tokens repurchased via protocol fees (2.8% max supply).
Product Updates:
- LaunchLab: Free token launches since April.
- Perps Beta: Zero-gas perpetual futures with 50x leverage.
Pump.fun Lifts X Account Restrictions
May 13, 2025
Pump.fun unblocked Letsbonk.Fun creators and Raydium developers on its official X account, signaling eased tensions.
Grayscale Bitcoin Adopters ETF Hits $1M AUM
May 5, 2025
Grayscale’s BCOR ETF surpassed $1M in assets, investing in companies adopting Bitcoin for treasury management.
FAQ Section
What is RAY Coin?
RAY is the native token of Raydium, a Solana-based DEX and liquidity platform supporting decentralized trading and token launches.
How does Raydium LaunchLab work?
Users create tokens for free; graduating to AMM pools requires raising 85 SOL (~$11,150).
Why did the SEC pause Grayscale’s ETF?
Likely to establish clearer guidelines for crypto ETPs before broader approvals.
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