Digital asset management firm Grayscale has taken a significant step towards expanding its cryptocurrency offerings by filing for an S-3 registration statement with the U.S. Securities and Exchange Commission (SEC). This move aims to convert their existing Grayscale Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF), potentially providing investors with diversified exposure to leading cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana, and Cardano. 🤯 The GDLC focuses on offering investors a basket of major cryptocurrencies that reflect the broader digital asset market’s performance, rebalanced periodically based on market capitalization and liquidity metrics.