Grayscale Multi-Token Fund GDLC applies to be listed as an ETP, which may become the first multi-crypto asset ETP

According to TechFlow, on November 4, Grayscale announced that NYSE Arca's application to list the Grayscale Digital Large Asset Fund (GDLC) as an exchange-traded product (ETP) has been published in the Federal Register, officially launching a review process that can take up to 240 days. If approved, this will become the first rule that allows multi-crypto asset ETPs to be listed and traded on a national securities exchange.

As of November 1, 2024, GDLC manages more than $530 million in assets, and its portfolio includes Bitcoin (76.53%), Ethereum (16.92%), Solana (4.36%), XRP (1.63%), and Avalanche (0.56%). The fund is currently traded on the over-the-counter market under the symbol GDLC.

“As investors seek to maximize risk-adjusted returns and build portfolios that can adapt to market changes, they are increasingly allocating to digital assets,” said Grayscale CEO Peter Mintzberg. “Grayscale is committed to meeting customer needs and becoming the preferred crypto investment partner for decades to come.”