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New Grayscale ETF Filing Includes Ethereum, Solana, Cardano, and XRP
Grayscale’s recent filing with the U.S. Securities and Exchange Commission (SEC) is a significant development in the cryptocurrency investment landscape. The company has initiated steps to transform its Digital Large Cap Fund into an exchange-traded fund (ETF), marking a substantial shift in institutional confidence towards large-cap crypto assets.
The Grayscale ETF filing now includes Ethereum, Solana, Cardano, and XRP, highlighting the growing recognition of these digital assets within mainstream financial circles. This move could potentially democratize access to diversified cryptocurrency investments, extending opportunities beyond accredited investors to the broader public.
Grayscale Investments, a leading digital asset manager, has officially submitted an S-3 registration statement to the U.S. SEC, aiming for the ETF’s listing on the NYSE Arca exchange. The Digital Large Cap Fund currently holds over $600 million in assets, with its portfolio comprising Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA).
Source: https://www.crypto-news-flash.com/new-grayscale-etf-filing-includes-ethereum-solana-cardano-and-xrp/?utm_source=rss&utm_medium=rss&utm_campaign=new-grayscale-etf-filing-includes-ethereum-solana-cardano-and-xrp
