Grayscale and Canary Capital Make ETF Moves! 🚀

- Grayscale is looking to convert its hybrid crypto fund into an exchange-traded fund (ETF) by filing with the SEC. 🎉

- The GDLC fund is heavily weighted toward Bitcoin (75%) and Ethereum (19%), with the rest in Solana, Avalanche, and XRP.

- If approved, the ETF will list on the New York Stock Exchange.

Canary Capital is also working on a Litecoin ETF. The ETF, which will use the CoinDesk Litecoin Price Index, is based on Litecoin’s solid fundamentals.

Share your thoughts in the comments! 💬

#Cryptocurrency#ETF #Blockchain