US SEC approves conversion of Grayscale's "Digital Large Cap Fund" into an ETF

07-02

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Planet Daily News: The U.S. Securities and Exchange Commission (SEC) has approved the amendment to convert Grayscale's "Digital Large Cap Fund" to an ETF (covering BTC, ETH, XRP, SOL, ADA). The Grayscale Digital Large Cap Fund (GDLC) is a hybrid cryptocurrency fund for Bitcoin, Ethereum, Solana, XRP, and Avalanche, currently traded over-the-counter. The fund is primarily composed of BTC (nearly 75%) and ETH (about 19%), with the remaining portion consisting of SOL, XRP, and AVAX.

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