According to Cryptonews, the US Securities and Exchange Commission's Corporate Finance Department outlined in a notice released on July 1 the content that cryptocurrency ETF issuers must include in their documents. This guide covers everything from how to calculate net asset value and how to choose service providers to detailed descriptions of custody practices and potential conflicts of interest. The SEC states that issuers must disclose information in a targeted manner based on their specific structure, emphasizing the review of asset selection, custody, conflicts of interest, and ETF creation/redemption mechanisms. On the same day, the SEC approved Grayscale's request to convert its digital large cap stock fund into a spot ETF.