Grayscale Files to Convert Multi-Token Crypto Fund Into ETF
Grayscale Investments has filed to convert its $520 million Digital Large Cap Fund into an ETF.
Posted October 16, 2024 at 12:53 am EST.
Crypto asset manager Grayscale Investments has filed a request with the U.S. Securities and Exchange Commission (SEC) to convert its multi-crypto fund into a spot crypto exchange-traded fund (ETF).
The New York Stock Exchange (NYSE) submitted the 19b-4 filing on Grayscale’s behalf on Oct. 14, officially setting in motion the request to convert Grayscale’s Digital Large Cap Fund (GDLC).
The fund is heavily weighted towards the top two crypto assets by market cap — bitcoin represents…
