Grayscale is looking to convert its crypto fund containing Bitcoin, Ethereum, Solana, XRP, and Avalanche into an ETF by filing with the US SEC. 💼

- Current fund ticker: GDLC

- Assets under management: $5.24 billion

- Fund composition: 75% Bitcoin, 19% Ethereum, remaining 6% SOL, XRP, AVAX

How will markets react to this move? 📉👀