??Grayscale Pursues Approval For First Multi-Crypto ETF Amid Regulatory Review
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Grayscale has requested SEC approval for the first U.S. multi-crypto ETF, the Grayscale Digital Large Cap Fund (GDLC), which includes assets like Bitcoin, Ethereum, Solana, Avalanche, and XRP.
Key Points
??NYSE Arca filed the request on October 29, with a 240-day review period.
??GDLC, created in 2018, currently manages about $534 million but isn't publicly traded.
??This ETF proposal distinguishes itself by including various altcoins, unlike other single-asset ETFs.
This move highlights growing interest in diversified crypto ETFs as potential mainstream investment vehicles.