Grayscale has applied to the SEC to convert its digital large-cap funds, including BTC, ETH, and SOL, into ETFs

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Golden Finance reported that Grayscale Investments submitted an application to the U.S. SEC on Tuesday to convert its mixed encryption fund containing BTC, ETH, Ethereum, Solana, XRP, and Avalanche into an ETF. According to the company’s website, Grayscale’s product, the Grayscale Digital Large Cap Fund, currently has assets under management of $524 million in OTC Trading. The fund is mainly composed of BTC (accounting for nearly 75%) and Ethereum (accounting for about 19%), with the remaining portion composed of Solana, XRP, and AVAX. The company has previously converted BTC and Ethereum funds into ETFs, and Grayscale’s converted SpotBTCETF began trading in January, with Assets Under Management of approximately $14 billion.

BTC-1.51%
ETH-1.47%
SOL1.18%
XRP-1.48%
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RongchengLouisvip
· 2024-10-15 23:09
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