Goldman Sachs Cuts Bitcoin and Ethereum ETF Exposure by Nearly 40%

The post Aave V4 roadmap signals end of multichain sprawl appeared on BitcoinEthereumNews.com. Aave Labs has released its official launch roadmap for V4, laying out the final steps ahead of the major upgrade’s Q4 mainnet launch.  Alongside new architectural and security improvements, the roadmap introduces a fundamental shift in how user balances are tracked and highlights a strategic pullback from economically underperforming deployments across layer-2 and alternative layer-1 networks. The V4 release moves away from aTokens’ rebasing-style mechanics toward ERC-4626-style share accounting, a change that promises cleaner integrations, easier tax treatment, and better compatibility with downstream DeFi infrastructure.  In a recent technical development update, Aave Labs confirmed that “tokenization is to remain optional and built using ERC 4626 vaults,” and that internal accounting will eliminate the use of exchange rates or scaled balances. The goal is to “further improve the overall reliability of the protocol.” ERC-4626 is a widely adopted Ethereum standard that expresses user deposits as shares of a vault rather than balances that grow over time. In Aave V3, aTokens accrue interest by increasing a user’s balance directly — behavior that resembles rebasing tokens and often confuses integrations and portfolio accounting tools.  By contrast, ERC-4626 tracks yield through a rising price-per-share metric, leaving token balances unchanged. The result is more predictable behavior for integrators, auditors and tax software, as well as a clearer cost basis for users. The roadmap also outlines a series of release milestones, including a formal codebase publication, a public testnet launch with a redesigned interface, and the completion of a multi-layered security review involving formal verification and manual audits. Aave Labs said the roadmap reflects the protocol’s “final stages of review, testing, and deployment,” and that additional documentation and launch preparation materials will be released in the coming weeks. But the most pointed strategic shift comes not from the codebase, but from Aave’s own governance forums. “Aave…

Wormhole, a leading interoperability protocol that enables asset transfers across multiple blockchains, has announced significant updates to its native tokenomics. These changes include the introduction of a token reserve and enhanced incentives for stakers, which could influence the protocol’s governance structure, as voting power is tied to the stake of Wormhole tokens. In a recent [...]

Grayscale’s multi-crypto ETP receives SEC approval, offering new investment opportunities. SEC’s new crypto ETF standards could lead to dozens of launches. GDLC fund includes Bitcoin, Ether, XRP, Solana, and Cardano exposure. The U.S. Securities and Exchange Commission (SEC) has officially approved Grayscale’s Digital Large Cap Fund (GDLC), marking a significant development for the cryptocurrency industry. This fund will become the first multi-crypto asset exchange-traded product (ETP) available on the market, providing investors exposure to five prominent cryptocurrencies-Bitcoin, Ether, XRP, Solana, and Cardano. According to Grayscale’s CEO, Peter Mintzberg, the approval signals a significant milestone for both the company and the broader crypto industry. He has thanked the SEC Crypto Task Force for working hard on providing the much-needed regulatory clarity to the sector. This accreditation comes after it was previously delayed earlier in the year, as the SEC had put off the conversion of GDLC on the over-the-counter fund to a tradable ETF on NYSE Arca in the communal view of seeking additional examination. Grayscale Digital Large Cap Fund $GDLC was just approved for trading along with the Generic Listing Standards. The Grayscale team is working expeditiously to bring the FIRST multi #crypto asset ETP to market with Bitcoin, Ethereum, XRP, Solana, and Cardano#BTC #ETH $XRP $SOL… — Peter Mintzberg (@PeterMintzberg) September 17, 2025 The latest update on Grayscale’s website shows that GDLC has a net asset value of $57.7 per share and that its assets under management exceed $915 million. Multi-crypto investment is a much-needed diversification of an already fast-expanding digital asset market. Also Read: The Secret Behind $RLUSD’s Success: Building a Stablecoin for the Global Economy The SEC’s Accelerated Approval Process and Broader Impact on Crypto ETFs In addition to approving Grayscale’s fund, the SEC also introduced a new development for crypto ETF issuers. The agency approved, on an accelerated basis, the generic listing standards for cryptocurrency ETFs. This action should make the approval process less challenging, which will result in the introduction of a large number of new crypto ETFs, most of which may track such assets as XRP, Solana, and even Dogecoin. SEC Chairman Paul Atkins pointed out that these revised listing standards would enhance investor access to digital assets and innovation in the capital markets. Eric Balchunas, a senior ETF analyst at Bloomberg, says that the introduction of these standards will lead to the introduction of more than 100 crypto ETFs next year. This approval is in line with the SEC’s larger endeavors to simplify the regulations surrounding cryptocurrencies and related products, which may result in new opportunities for investors in the digital asset sector. It highlights a growing recognition of crypto’s place within traditional financial markets and could pave the way for a more robust crypto ETF market in the future. Also Read: Bitcoin, Ethereum and Solana Make Major Moves: Top Crypto Trends You Can’t Miss The post Grayscale’s Multi-Crypto Exchange-Traded Product Gets SEC Approval appeared first on 36Crypto.