Loading...
Market
How will the cryptocurrency market react within one week of $GDLC ETF conversion approval?
2
Grayscale Investments•SEC•Digital Large Cap Fund•New York Stock Exchange•NYSE•Bitcoin•BTC•Ethereum•ETH•Solana•SOL•XRP•Avalanche•AVAX•Grayscale
Resolution / Starting Odds
Significant Increase • 33%
No Significant Change • 33%
Significant Decrease • 34%
Market data from cryptocurrency exchanges
Story
Grayscale Seeks SEC Approval to Convert $520 Million Crypto Fund ($GDLC) into NYSE-Listed ETF
Oct 15, 2024, 09:57 PM
Grayscale Investments has filed with the U.S. Securities and Exchange Commission (SEC) to convert its $520 million Digital Large Cap Fund (ticker: $GDLC) into an exchange-traded fund (ETF) to be listed on the New York Stock Exchange (NYSE). The fund holds a diversified portfolio of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Avalanche (AVAX), with Bitcoin accounting for approximately 75% of the holdings and Ethereum about 19%. This move represents Grayscale's continued efforts to expand access to cryptocurrency investments through traditional financial instruments and may lead to increased institutional investment in the sector.
View original story
Similar markets
Significant increase (>10%) • 33%
Moderate increase (0-10%) • 33%
No change or decrease • 34%
LTC price increases by more than 10% • 25%
LTC price decreases by more than 10% • 25%
LTC price changes by less than 10% • 25%
LTC price remains stable • 25%
XRP price up >10% • 25%
XRP price stable (+/- 10%) • 25%
XRP price down >10% • 25%
No significant change • 25%
Ethereum price increases by over 10% • 33%
Ethereum price changes by less than 10% • 33%
Ethereum price decreases by over 10% • 34%
XRP price increases by more than 10% • 25%
XRP price increases by 5-10% • 25%
XRP price changes by less than 5% • 25%
XRP price decreases • 25%
Positive reaction • 25%
Negative reaction • 25%
Neutral reaction • 25%
Mixed reaction • 25%
Increase by more than 10% • 25%
Increase by 5-10% • 25%
No significant change (±5%) • 25%
Decrease by more than 5% • 25%
XRP price increases by 10% or more • 25%
XRP price increases by less than 10% • 25%
XRP price remains stable • 25%
XRP price decreases • 25%
SOL price increases by over 10% • 25%
SOL price increases by 5-10% • 25%
SOL price increases by less than 5% • 25%
SOL price decreases or stays the same • 25%
XRP price increases by over 10% • 25%
XRP price increases by 5-10% • 25%
XRP price changes by less than 5% • 25%
XRP price decreases • 25%
Increase by more than 10% • 25%
Increase by less than 10% • 25%
Decrease by less than 10% • 25%
Decrease by more than 10% • 25%
Litecoin • 25%
Ripple • 25%
Bitcoin • 25%
Ethereum • 25%