Grayscale Digital Large Cap Fund (GDLC) Seeks ETF Conversion as SEC Invites Public Comments

On October 31, COINOTAG reported that Nate Geraci, the president of The ETF Store, announced via X that the U.S. SEC has acknowledged the receipt of Grayscale Investments’ application to transition its Grayscale Digital Large Cap Fund (GDLC) into an ETF. This development invites **public feedback** as the SEC evaluates the conversion. Previously, on October 15, Grayscale submitted the application to convert this hybrid crypto fund, which holds assets including **Bitcoin**, **Ethereum**, **Solana**, **XRP**, and **Avalanche**. Notably, Grayscale has successfully transformed its Bitcoin and Ethereum products into ETFs. Presently, the GDLC fund, which trades over the counter, boasts an **Assets Under Management (AUM)** of **$524 million**. The fund’s composition consists predominantly of **BTC** (approximately 75%) and **ETH** (about 19%), with the remaining allocations in SOL, XRP, and AVAX, reflecting a focused approach to digital asset investing.

Source: https://en.coinotag.com/breakingnews/grayscale-digital-large-cap-fund-gdlc-seeks-etf-conversion-as-sec-invites-public-comments/