US SEC approves conversion of grayscale digital market funds into ETFs
The Internet reported that the U.S. Securities and Exchange Commission (SEC) approved an amendment to convert grayscale digital market funds into ETFs (covering BTC, ETH, XRP, SOL, ADA). The Grayscale Digital Large-Cap Fund is a hybrid crypto fund of Bitcoin, Ethereum, Solana, XRP and Avalanche. It is officially called the "Grayscale Digital Large Cap Fund"(code: GDLC) and is currently traded over-the-counter. The fund is mainly composed of BTC (accounting for nearly 75%) and ETH (accounting for approximately 19%), with the rest composed of SOL, XRP and AVAX.
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