Grayscale, a major cryptocurrency investment company, has submitted a proposal to the New York Stock Exchange Arca, Inc. to list and trade its Grayscale Digital Large Cap Fund (GDLC) as an exchange trade product (ETP). This development marks the start of the review process, which can take up to 240 days.
As of November 1, 2024, GDLC has over $530 million in assets under management, with assets allocated in Bitcoin (76.53%), Ethereum (16.92%), SOL (4.36%), XRP (1.63%), and AVAX (0.56%). This news has generated excitement within the cryptocurrency community, as it could potentially increase the visibility and liquidity of the digital assets within the fund.
