Grayscale has just filed to list a capital market fund on the NYSE Arca as an ETF, providing an opportunity to access Bitcoin, Ethereum, XRP, Solana, and Cardano.

Grayscale Investments, a cryptocurrency asset management has submitted a Form S-3 registration to the United States Securities and Exchange Commission (SEC

Grayscale Expands Market Access

Grayscale shared on the X social platform: ">">", we a registration on Form S-3 to register the shares of the Grayscale Large Digital Capital Fund (ticker: GDLC) under the 1933 Securities This is another important step towards listing GDLC as an ETP. GDLC holds the top 5 cryptocurrencies by market capit."

The fund's shares are determined by the Coindesk Large Capital Selection Index (DLCS), which selects top digital assets by market capitalization meeting specific criteria, such as availability on Coinbase Custody and excluding stablecoins and meme coins. As of March 31, holds the following assets: Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). At the time of writing, the portfolio composition includes: Bitcoin at 79.40%, Ethereum at 10.69%, XRP at 5.85%, Solana at 2.92%, and Cardano at 1.14%.

"The objective is for the stock value (based on NAV per share) to the value of digital assets held by the fund... plus any cash's cash and reduced by fund expenses," Grayscale explained. Currently, shares can only be created and redeemed with cash and staking the fund's assets is not permitted.ale mentioned the significant historical trading discount on OTCQ,cwhere fund shares are frequently traded below net asset value (NAV). From July 1, 2022 to December 31, 2024, the maximum maximum observed was 63%, with a medium of 40%. This discountt narrowed to 12% by the end of, end of 024 >p company believes that listing on the exchange and repurchase program can adjust stock prices with NAV. filing details: "em listed onarca, the expects price of shares and NAV perge converem.