Grayscale Investments is taking another step towards expanding its ETF offerings by seeking to transform its Digital Large Cap Fund into an exchange-traded fund (ETF).
The WSJ reports that the New York Stock Exchange has filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) on behalf of Grayscale, requesting approval for the conversion.
This move follows Grayscale's recent success in converting its Bitcoin Trust and Ethereum Trust into spot ETFs in the United States. The Digital Large Cap Fund, which currently holds Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Avalanche (AVAX), would become the company's third ETF if approved.
October 2024, Cryptoniteuae