The US Securities and Exchange Commission (SEC) has published Grayscale’s 19b-4 filing for the Digital Large Cap Fund, officially starting the review process for the fund’s application to become an ETF. The review process can take up to 240 days, during which the SEC will decide whether to approve or deny the application.
If approved, the NYSE would list and trade shares of multi-crypto asset Exchange-Traded Products (ETPs) for the first time. As of November 1, the fund holds over $530 million in assets under management and includes Bitcoin, Ethereum, Solana, XRP, and Avalanche, weighted according to their respective market caps.
