Before trillion-dollar companies like BlackRock and Fidelity got into crypto, the biggest player in this space was DCG. It’s still only in terms of companies that do crypto. It has a lot of big brands under it. DCG, which owns many giants including Genesis, which is the largest crypto lender, although it went bankrupt, also owns Grayscale.

Bulk Crypto ETF

It was expected and according to the Bloomberg announcement published a short while ago, Grayscale has prepared the file. The company currently has a fund called Grayscale Digital Large Cap Fund called GDLC. This fund contains $520.8 million worth of cryptocurrencies. The current asset distribution in this fund, where you can invest in BTC, ETH, SOL, XRP and AVAX at the same time, is as follows.

Today, Grayscale has prepared a file to convert this fund into an ETF and open it to the stock market. In other words, we can see a combined cryptocurrency ETF. Moreover, it will include AVAX, XRP and SOL Coin. While 4.21% of the fund is SOL Coin and 1.78% is XRP, AVAX represents a more symbolic figure in the fund as a whole.

Although this fund embraces the idea of ​​long-term investors with 75% BTC and 20% ETH, we will be able to see in the filing whether the ratios will be fixed.