Grayscale applies to the SEC to convert its mixed cryptocurrency fund containing BTC, ETH, and SOL into an ETF
ChainCatcher news, according to The Block, Grayscale Investments submitted an application to the U.S. Securities and Exchange Commission on Tuesday, requesting to convert its mixed cryptocurrency fund, which includes Bitcoin, Ethereum, Solana, XRP, and Avalanche, into an exchange-traded fund (ETF). The company had previously converted its Bitcoin and Ethereum funds into ETFs.According to the company's website, Grayscale's cryptocurrency-based financial instrument, the Digital Large Cap Fund, trading under the ticker GDLC, is currently traded over-the-counter with assets under management of $524 million. The fund is primarily composed of Bitcoin, which accounts for nearly 75%, followed by Ethereum at approximately 19%. According to company filings, the remainder consists of SOL, XRP, and AVAX.