The SEC has officially confirmed receipt of an application to convert GDLC into an ETF
2024-10-31 03:11:38
Nate Geraci, president of The ETF Store, wrote that the Securities Exchange Commission has officially confirmed the application to convert the Grayscale Digital Large Cap Fund (GDLC) into an ETF. The GDLC holds about 77% of bitcoin, 17% of ether, and the rest are Sol, XRP, and AVAX. The SEC is seeking public comment and the decision time will start to count.
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