SEC Approves Conversion of Grayscale Digital Large Cap Fund to ETF

BlockBeats News, July 2nd, the U.S. Securities and Exchange Commission (SEC) approved an amendment to convert the Grayscale "Digital Large Cap Fund" into an ETF (covering BTC, ETH, XRP, SOL, ADA).

The Grayscale Digital Large Cap Fund (GDLC) is a mixed cryptocurrency fund consisting of Bitcoin, Ethereum, Solana, XRP, and Avalanche, currently trading over-the-counter. The fund is primarily composed of BTC (nearly 75%) and ETH (approximately 19%), with the remaining portion made up of SOL, XRP, and AVAX.