Grayscale Proposes Conversion of Digital Large Cap Fund to ETF: A Step Towards Mainstream Crypto Investments

Grayscale has filed an S-3 form with the SEC, aiming to convert its Digital Large Cap Fund into an ETF. The fund holds approximately $606 million in assets and features significant exposure to Bitcoin and Ethereum. This move reflects the growing acceptance of cryptocurrency investment vehicles within the broader financial landscape. Grayscale’s decision aligns with industry trends toward mainstream crypto-based ETFs, promising increased accessibility for retail investors seeking diversified digital asset exposure.