New York Stock Exchange Applies to SEC to Convert Grayscale Digital Large Cap Fund to ETP

BlockBeats News, November 4th, according to official sources, Grayscale has stated that it has submitted a 19b-4 form to the U.S. Securities and Exchange Commission (SEC) through New York Stock Exchange Arca, Inc. ("NYSE Arca"), proposing to list and trade the Grayscale Digital Large Cap Fund (GDLC) as an Exchange-Traded Product (ETP), officially initiating the review process, which may take up to 240 days.

As of November 1, 2024, the assets currently managed by GDLC have exceeded $530 million, including:

Bitcoin: 76.53%;

Ethereum: 16.92%;

SOL: 4.36%;

XRP: 1.63%;

AVAX: 0.56%.