{"id":141414,"date":"2024-11-05T19:30:24","date_gmt":"2024-11-05T17:30:24","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141414"},"modified":"2024-11-05T15:55:21","modified_gmt":"2024-11-05T13:55:21","slug":"grayscale-seeks-approval-for-first-multi-crypto-etf-as-regulators-review-proposal","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/grayscale-seeks-approval-for-first-multi-crypto-etf-as-regulators-review-proposal\/","title":{"rendered":"Grayscale Seeks Approval for First Multi-Crypto ETF as Regulators Review Proposal"},"content":{"rendered":"

NYSE Arca submitted this request to the Securities and Exchange Commission (SEC) on October 29 for the Grayscale Digital Large Cap Fund (GDLC), which features assets like Bitcoin<\/a><\/strong>, Ethereum<\/a><\/strong>, Solana<\/a><\/strong>, Avalanche<\/a><\/strong>, and XRP<\/a><\/strong>. Established in 2018, the fund currently manages about $534 million but is not yet publicly traded.<\/p>\n

Grayscale<\/a> <\/strong>filed to convert GDLC into an ETF on October 16, just before NYSE\u2019s submission. The SEC now has 240 days to decide on the proposed rule change, which could lead to the first multi-crypto asset ETF.<\/p>\n

While Grayscale faces competition from other asset managers, GDLC is unique in including several altcoins.<\/p>\n