On November 4, COINOTAG News reported that Grayscale has officially filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) via NYSE Arca. This submission is aimed at listing the Grayscale Digital Large Cap Fund (GDLC) as an Exchange-Traded Product (ETP), thereby commencing a comprehensive review process. This could extend for a maximum of 240 days. As of November 1, 2024, GDLC manages over $530 million in assets, primarily allocated across major cryptocurrencies: Bitcoin (76.53%), Ethereum (16.92%), SOL (4.36%), XRP (1.63%), and AVAX (0.56%). The regulatory implications of this filing may significantly influence the landscape of digital asset investment, providing institutional investors with more accessible options in the rapidly evolving cryptocurrency market.
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