Grayscale Seeks Approval to Convert Digital Large Cap Fund into Crypto ETF

Grayscale Investments has submitted a request to the U.S. Securities and Exchange Commission (SEC) for approval to transform its Digital Large Cap Fund into a diversified cryptocurrency exchange-traded fund (ETF). This move aims to broaden access to popular cryptocurrencies like Bitcoin, Ethereum, Solana, and XRP for retail investors. Grayscale’s digital asset ETF proposal is being reviewed following a request by NYSE Arca for the listing on a U.S. securities exchange.