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:银饰)
-
我们总是在抱怨我们的教育体制如何如何与美国有差距,其实研究比较下来,两国最大的差距就在于教育中的习和用,中国的教育更重视知识的纸面考核,美国的教育更倾向于知识的实践应用。...[详细]
-
但罗江春坦言,和百度对接完全不用担心,而这份放心源自双方的相互信任。...[详细]
-
但目前很多电商只是打出口号,并没有真正实施。...[详细]
-
10月31日中欧启航三年混合C净值下跌0.86%,近1个月累计下跌4.65%
直到目前,所有的分时租赁平台里能够做到这两点的,依旧寥寥无几。...[详细]
-
2015年初,私人影吧还处在缺版权、没执照的境地,而在2016年末,就有在线视频网站、院线等入局。...[详细]
-
按理说,百度不应该这么干,一边想在自媒体时代尽快赶上来,一边又对着一部分“实力不行”的自媒体开刀,其实应该学学那几个自媒体平台啊,别管什么好坏,先把自媒体人圈起来再说。...[详细]
-
面向全世界对这个南亚次大陆神奇国家心驰神往的人们,印度旅游局给出了一句言简意赅又意味无穷的广告语:“IncredibleIndia,不可思议的印度”。...[详细]
-
可财务自由意味着“被动收入大于主动收入”,即收入的多少不再与工作量直接挂钩。...[详细]
-
” 汉考克援引FBI的研究显示,公司中存在心理变态行为很难挽留住员工,因为这会影响团队士气和生产力。...[详细]
-
10月31日天弘优质成长企业C净值增长0.57%,近3个月累计上涨8.47%
布局横向发展,喜欢亲力亲为 在吴奇隆名下,有各种各样的稻草熊公司。...[详细]