According to GlobeNewswire, Grayscale has announced that the proposal by NYSE Arca to list Grayscale Digital Large Cap Fund (GDLC) as an exchange-traded product (ETP) has been published in the Federal Register, officially initiating a review process that can last up to 240 days. If approved, this would become the first rule allowing a multi-crypto-asset ETP to be listed and traded on a national securities exchange.
As of November 1, 2024, GDLC had over $530 million in assets under management, with a portfolio that includes Bitcoin (76.53%), Ethereum (16.92%), Solana (4.36%), XRP (1.63%), and Avalanche (0.56%).
Grayscale CEO Peter Mintzberg stated, "As investors seek to maximize risk-adjusted returns and build portfolios that can adapt to market changes, they are increasingly allocating to digital assets. Grayscale is committed to meeting client demand and becoming the preferred crypto investment partner for decades to come."
