Foresight News reports that Nate Geraci, president of The ETF Store, tweeted that the U.S. Securities and Exchange Commission (SEC) has received an application to convert the Grayscale Digital Large Cap Fund (GDLC) into an ETF. Currently, GDLC holds approximately 77% BTC and 17% ETH, with the remainder in SOL, XRP, and AVAX. The SEC is currently soliciting public comments on this matter.

Foresight News previously reported that Grayscale submitted an application to the SEC to convert its mixed crypto fund Digital Large Cap Fund (GDLC) into an ETF.