| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107249.5900000000 |
| ETH | $2427.8380000000 |
| BNB | $646.6393100000 |
| XRP | $2.1956360000 |
| ADA | $0.5608610000 |
| SOL | $147.0979000000 |
| DOGE | $N/A |
| DOT | $3.3596500000 |
| LTC | $85.8609000000 |
| LINK | $13.1916100000 |
Category: CRYPTO NEWS
The post Grayscale Files to List ETF Holding Diverse Spot Assets appeared on BitcoinEthereumNews.com. Grayscale Investments filed to list an exchange-traded fund (ETF) holding a basket of spot cryptocurrencies. The Grayscale Digital Large Capital Fund has a crypto index portfolio that includes BTC, ETH, SOL, XRP, and ADA. Asset manager Grayscale submitted an S-3 regulatory filing to the SEC to convert a non-listed fund to an exchange-traded fund. Grayscale Seeks Permission to Convert Digital Large Cap Fund into Spot ETF Asset manager Grayscale Investments submitted an S-3 regulatory filing to the US Securities and Exchange Commission, seeking approval to convert a non-listed fund into an exchange-traded fund (ETF). In the April 1 filing, Grayscale seeks permission to convert its Grayscale Digital Large Cap Fund ($GDLC) into a spot ETF. The non-listed fund was created in 2018 and maintains a crypto index holding five main digital assets: Bitcoin (BTC), Ether (ETH), Ripple (XRP), Cardano (ADA), and Solana (SOL). On its website, Grayscale explains: “Grayscale Digital Large Cap Fund is among the first investment vehicles solely invested in, and deriving value from, a basket of large cap digital assets in the form of a security while avoiding the challenges of buying, storing, and safekeeping those digital assets directly.” According to the asset manager, the Fund consists of assets that make up the CoinDesk Large Cap Select Index: “Since July 1, 2022, the Fund Components have consisted of the digital assets that make up the CoinDesk Large Cap Select Index (the “DLCS”), as rebalanced from time to time, subject to the Manager’s discretion to exclude individual digital assets in certain cases.” BTC represents 79.37% of the fund; ETH represents 10.83%; XRP represents 5.79%; ADA and SOL represent 1.14% and 2.87%, respectively. As of April 1, the fund’s assets under management (AUM) are valued at $622 million and are only available to accredited investors. Grayscale explained after a…
2025-04-04T02:41:28+00:00