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Grayscale,
A top investment asset management firm, has filed a significant request with the Securities and Exchange Commission (SEC). According to James Seyffart, Bloomberg’s ETF analyst on X, the filing seeks to convert the Grayscale Digital Large Cap Fund (GDLC) into a spot ETF. One of the core focus tokens in the fund is XRP
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Conversion to ETF could expand market access
This move means that Grayscale seeks to transform its current fund structure into an ETF. If approved, the request will allow the asset management firm to trade the product on the New York Stock Exchange (NYSE) floor.
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