Golden Finance reported that Grayscale Investments submitted an application to the U.S. SEC on Tuesday to convert its hybrid crypto fund containing Bitcoin, Ethereum, Solana, XRP and Avalanche into an ETF. According to the company's website, Grayscale's product is called "Grayscale Digital Large Cap Fund", which is currently traded over the counter and manages $524 million in assets. The fund is mainly composed of Bitcoin (nearly 75%) and Ethereum (about 19%), and the rest is composed of Solana, XRP and AVAX. The company has previously converted Bitcoin and Ethereum funds into ETFs. The spot Bitcoin ETF converted by Grayscale began trading in January, with an asset management scale of approximately $14 billion.

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