Grayscale Pushes for Crypto ETFs: A Major Step Towards Wider Accessibility

Grayscale Investments, a significant player in the cryptocurrency investment sphere, has filed an S-3 registration statement with the U.S. Securities and Exchange Commission (SEC) aiming to transform its existing Digital Large Cap Fund into a publicly traded exchange-traded fund (ETF). If approved, this move would grant investors easier access to a diversified basket of top cryptocurrencies, including Bitcoin, Ethereum, XRP, Solana, and Cardano. Currently, the fund’s asset allocation leans heavily toward Bitcoin, accounting for 79.4% of its holdings.