The U.S. SEC has officially confirmed receipt of the application to convert Grayscale’s “Digital Large Cap Fund” into an ETF

According to BlockBeats news, on October 31, Nate Geraci, president of The ETF Store, posted on

BlockBeats previously reported that on October 15, Grayscale Investments submitted an application to the US SEC on Tuesday, seeking to convert its mixed crypto fund containing Bitcoin, Ethereum, Solana, XRP and Avalanche into an ETF. The company has previously converted its Bitcoin and Ethereum funds into ETFs. The official website shows that the product is called “Grayscale Digital Large Cap Fund” (code: GDLC) and is currently traded over the counter with an AUM of US$524 million. The fund is primarily composed of BTC (nearly 75%) and ETH (about 19%), with the remainder made up of SOL, XRP, and AVAX.

Source link

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *