US SEC Approves Conversion of Grayscale Digital Large Cap Fund to ETF
According to a report by Jinse Finance, the U.S. Securities and Exchange Commission (SEC) has approved an amendment to convert the Grayscale Digital Large Cap Fund into an ETF, covering BTC, ETH, XRP, SOL, and ADA. The Grayscale Digital Large Cap Fund is a mixed crypto fund comprising Bitcoin, Ethereum, Solana, XRP, and Avalanche, officially named the "Grayscale Digital Large Cap Fund" (ticker: GDLC), and is currently traded over the counter. The fund is primarily composed of BTC (nearly 75%) and ETH (about 19%), with the remainder made up of SOL, XRP, and AVAX.
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