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Grayscale Seeks SEC Approval to Convert One of Their Crypto Funds into an ETF

16.10.2024 9:00 1 min. read Alexander Stefanov
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Grayscale Seeks SEC Approval to Convert One of Their Crypto Funds into an ETF

Grayscale Investments is making headlines once again with their latest filing to the U.S. Securities and Exchange Commission (SEC).

Grayscale Investments is seeking to transform its Digital Large Cap Fund, which comprises Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Avalanche (AVAX), into an exchange-traded fund (ETF).

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According to the WSJ, the New York Stock Exchange has submitted a request to the U.S. Securities and Exchange Commission (SEC) on Grayscale’s behalf, filing a 19b-4 form to obtain approval for the conversion.

Earlier this year, Grayscale successfully converted its Bitcoin Trust and Ethereum Trust into spot ETFs after receiving SEC approval for both products in the United States.

Alexander Stefanov
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With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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