Grayscale’s Multi-Crypto Fund Seeks ETF Conversion
Digital asset manager Grayscale Investments has filed with the U.S. Securities and Exchange Commission (SEC) to convert its Digital Large Cap Fund into an exchange-traded fund (ETF), according to a report in The Wall Street Journal.
The fund currently manages over $520 million in assets, offering exposure to a basket of five cryptocurrencies, including Bitcoin, Ethereum, Solana, Ripple, and Avalanche, weighted at 75.58%, 17.83%, 4.16%, 1.76%, and 0.66% respectively.
“Today, Grayscale filed to uplist Grayscale Digital Large Cap Fund as a diversified multi-crypto asset ETP on NYSE Arca. The fund is currently trading under ticker: GDLC, and continues to meet growing demand by providing diversified exposure to crypto through a…
