Summary
- Grayscale announced that it has submitted registration documents to the SEC for the ETF conversion of its Digital Large Cap Fund.
- The fund includes major digital assets such as Bitcoin, Ethereum, Solana, Ripple, and Avalanche.
- This move is interpreted as a strategy to provide investors with more transparent and accessible investment means.
It has been revealed that Grayscale has submitted registration documents (S-3) for the conversion of its Digital Large Cap Fund into an Exchange-Traded Fund (ETF).
On the 1st (local time), Cointelegraph reported, "Grayscale has submitted registration documents to the U.S. Securities and Exchange Commission (SEC) for the launch of the ETF conversion of its Digital Large Cap Fund."
The Digital Large Cap Fund is a fund that includes major digital assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Avalanche (AVAX), and Grayscale has applied for the ETF conversion of this fund.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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