Grayscale applies to the US SEC to convert Digital Large Cap Fund into an ETF
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Foresight News reported, according to The Wall Street Journal, that Grayscale Investments has filed an application with the U.S. Securities and Exchange Commission (SEC) to convert its mixed cryptocurrency fund Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF). As of September 30, the fund is primarily composed of Bitcoin, accounting for 74.7%, followed by Ethereum, which makes up approximately 18.55%, with the remaining portion consisting of SOL, XRP, and AVAX. The company has previously converted its Bitcoin and Ethereum funds into ETFs.
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