Grayscale has filed to convert the Grayscale Digital Large Cap Fund into an ETF, signaling an attempt to meet growing investor demand for cryptocurrency investment options.
Grayscale is always looking for opportunities to offer products that meet investor demand. Occasionally, Grayscale will make reservation filings, though a filing does not mean we will bring a product to market.
The fund tracks the CoinDesk Large Cap Select Index which measures the market cap weighted performance of five of the largest cryptocurrencies including bitcoin, ether, and solana.
It would be Grayscale's fifth ETF launch this year following the conversions of Grayscale Bitcoin Trust and Grayscale Ethereum Trust, amid significant investor withdrawals.
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