The US SEC officially accepted Grayscale's application to convert the "Digital Large Cap Fund" into an ETF

BlockBeats news, on October 31, Nate Geraci, president of The ETF Store, posted on X that the U.S. SEC has officially accepted the application to convert the "Digital Large Cap Fund" (Grayscale Digital Large Cap Fund, codenamed GDLC) into an ETF, and the SEC is soliciting public opinions.

BlockBeats previously reported that on October 15, Grayscale Investments submitted an application to the U.S. SEC on Tuesday, seeking to convert its hybrid crypto fund containing Bitcoin, Ethereum, Solana, XRP and Avalanche into an ETF. The company has previously converted its Bitcoin and Ethereum funds into ETFs. The official website shows that the product is called "Digital Large Cap Fund" (Grayscale Digital Large Cap Fund, codenamed GDLC), which is currently traded over the counter with an AUM of US$524 million. The fund is primarily comprised of BTC (nearly 75%) and ETH (around 19%), with the remainder made up of SOL, XRP, and AVAX.