Grayscale Pushes for SEC Approval on Multi-Asset Crypto ETF
Grayscale is seeking SEC approval to list its Digital Large Cap Fund (GDLC) on NYSE Arca, aiming to convert it into an ETF for broader investor access.
The fund holds Bitcoin, Ethereum, XRP, Solana, and Cardano, with its portfolio weighted heavily in BTC (79.4%). Approval hinges on a separate SEC filing by NYSE Arca, with Grayscale emphasizing that listing could help align GDLC’s market price with its net asset value. The fund uses Coinbase Custody and BNY Mellon for operations but does not allow staking.
Clever Robot News Desk 2nd April 2025
