According to Odaily Planet Daily, Grayscale announced that it intends to apply to upgrade the Grayscale Digital Large Cap Fund (GDLC) to an exchange-traded product (ETP). The Grayscale Digital Large Cap Fund is publicly traded and holds Bitcoin, Ether, SOL, XRP, and AVAX.
It is reported that the 19b-4 form submitted by NYSE Arca proposes to list and trade Grayscale Digital Large Cap Fund shares as an exchange-traded product (ETP). The form has been published in the Federal Register, officially starting the review process, which may take up to 240 days.
As of November 1, 2024, GDLC manages assets of more than US$530 million, with the following digital asset ratios: Bitcoin: 76.53%; Ethereum: 16.92%; Solana: 4.36%; XRP: 1.63%; AVAX: 0.56%.
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Grayscale plans to upgrade Grayscale Digital Large Cap Fund to an exchange-traded product
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