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

Grayscale Investments has filed an S-3 form with the U.S. Securities and Exchange Commission (SEC) to convert its Digital Large Cap Fund (GDLC) into a publicly traded exchange-traded fund (ETF). This request, submitted on April 1st, seeks to transform the current private investment vehicle into a readily accessible product for investors. The GDLC holds Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) as its holdings, representing approximately 75% of the total cryptocurrency market cap excluding meme coins and stablecoins.