According to official news, Grayscale announced that it intends to apply to upgrade Grayscale Digital Large Cap Fund (GDLC) to an exchange-traded product. Grayscale Digital Large Cap Fund is publicly traded and holds Bitcoin, Ether, SOL, XRP, and AVAX.
It is reported that the 19b-4 form of the New York Stock Exchange Arca has proposed to list and trade the shares of Grayscale Digital Large Cap Fund as an exchange-traded product (ETP). The form has been published in the Federal Register and officially started the review process, which may take up to 240 days.
As of November 1, 2024, GDLC manages more than US$530 million in assets, with the proportion of digital assets being:
Bitcoin: 76.53%
Ethereum: 16.92%
Solana: 4.36%
XRP: 1.63%
AVAX: 0.56%