NYSE Arca Proposes New Rule For Digital Asset Investment Products

According to Foresight News, NYSE Arca has submitted an application to the U.S. Securities and Exchange Commission (SEC) to adopt new rule 8.800-E. This rule would permit the listing and trading of investment products based on commodities and digital assets. Additionally, the exchange has specifically proposed listing and trading shares of Grayscale's Digital Large Cap Fund under this new rule. Previously, on October 15, Grayscale applied to the SEC to convert its Digital Large Cap Fund into an ETF. This fund primarily consists of Bitcoin (nearly 75%) and Ethereum (approximately 19%), with the remainder including SOL, XRP, and AVAX. The company has already converted its Bitcoin and Ethereum funds into ETFs.