The SEC officially recognizes the ETF conversion application of the Grayscale "Digital Large Cap Fund", with investment portfolios covering currencies such as SOL and XRP
NYSE Arca recently submitted an application to the US Securities and Exchange Commission (SEC) to go public and open trading of a grey scale cryptocurrency index fund, which will include multiple cryptocurrencies, marking an important step in the expansion of digital asset institution investment.
Grayscale DLCF applies for ETF transformation
Grayscale Digital Large Cap Fund is a cryptocurrency index investment fund established in 2018, which includes popular cryptocurrencies such as Bitcoin, Ethereum, Solana, etc. If approved, Grayscale's digital cap fund will provide investors with a diversified portfolio of digital assets, with a highlight in tracking the CoinDesk Large Cap Select Index, which includes five different digital assets and offers a wider range of choices for investors seeking to surpass Bitcoin and Ethereum. At present, the fund manages assets of approximately $565 million.
Grayscale initially applied to convert the fund into an ETF on October 16th, and recently the SEC has officially announced the application and solicited opinions from the public. Nate Geraci, President of The ETF Store, commented:
The US Securities and Exchange Commission (SEC) has officially recognized the application to convert the Grayscale Digital Large Cap Fund into an ETF, with GDLC holding approximately 77% BTC, 17% ETH, and the remaining portion being SOL, XRP, and AVAX. The US Securities and Exchange Commission is currently soliciting public opinion and the ruling clock is ticking
Potential competitors
Grayscale's competitors include Hashdex and Franklin Templeton, both of which have also submitted applications for cryptocurrency index ETFs, but their focus initially only focused on Bitcoin and Ethereum.
In addition, VanEck, 21Shares, and Canary Capital have submitted multiple applications to list spot ETFs linked to Solana, XRP, and Litecoin.
Industry analysts point out that the upcoming US presidential election results may have a significant impact on the regulatory environment for cryptocurrency ETFs.
Eric Balchunas, a Bloomberg ETF analyst, recently commented that if former President Donald Trump wins the election, the SEC may take a more supportive stance for cryptocurrencies, which may accelerate the approval process of ETFs containing multiple crypto assets.
(责任编辑:风向标)
- 人员经费可以用于公用经费吗
- Aerodrome Finance (AERO)怎么买?Aerodrome Finance (AERO)在哪里买卖交易?
- 企业法人是股东汇算清缴怎么做
- 广发白金信用卡年费什么时候返还?
- Bitget平台币 (BGB)购买与交易指南
- 在拍拍贷上的借贷多久会收到大量催收呢?
- 虚拟货币交易平台有哪些 views+
- 虚拟货币交易平台排名 views+
- okx交易所app官网链接 views+
- 加密货币交易所 views+
- okx官方 views+
- 欧易最新版本 views+
- 易欧app官网下载 views+
- 虚拟货币交易 views+
- 欧易开户 views+
- 欧易交易所 电脑 views+