Digital asset giant Grayscale has officially filed an application with the Securities and Exchange Commission (SEC) to transform its Digital Large Cap Fund (GDLC) into a spot exchange-traded product (ETF). This move aims to offer broader access for retail investors and aligns with Grayscale’s broader goal of integrating crypto investments into mainstream financial markets. GDLC currently manages over $606 million in assets, diversifying across major cryptocurrencies like Bitcoin (79.4%), Ethereum (10.69%), XRP (5.85%), Solana (2.92%), and Cardano (1.14%). The fund underwent a recent index adjustment, adding Cardano to its holdings in January, replacing Avalanche (AVAX). This proposed ETF aims to maintain similar allocations while expanding accessibility to retail investors.