SEC Acknowledges Filing for $565M Grayscale Crypto Index Fund ETF on NYSE

Oct 30, 2024, 06:50 PM

The SEC has formally acknowledged the filing to convert Grayscale's Digital Large Cap Fund into an ETF on the NYSE. The fund, which holds approximately 77% Bitcoin ($BTC), 17% Ether ($ETH), and the remainder in Solana ($SOL), XRP ($XRP), and Avalanche ($AVAX), aims to provide investors with exposure to a diversified portfolio of major cryptocurrencies. The NYSE seeks to list this $565 million Grayscale crypto index ETF, marking a significant step in the integration of digital assets into traditional financial markets. The SEC is now soliciting public comments as part of the decision-making process.