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Grayscale’s Digital Large Cap Fund, traded on OTC Markets as GDLC since 2019, will list on NYSE Arca as an ETF and transition to continuous trading with on-exchange creation and redemption once finalized

The SEC approved, on an accelerated basis, a rule change to NYSE Arca Rule 8.500-E to allow Trust Units issued by limited liability companies and support index-based crypto portfolios

SEC’s accelerated approval of the Grayscale Digital Large Cap Fund ETF is seen as a positive signal for future altcoin ETF approvals, as the agency reviews proposed ETFs for assets like Solana, Dogecoin, Litecoin, XRP, ADA and Polkadot

Grayscale’s newly approved ETF is heavily weighted toward Bitcoin at 80.2% and Ethereum at 11.4%, with smaller allocations to XRP (4.82%), Solana (2.78%) and Cardano (0.81%) as detailed in SEC filings and the official order

U.S. Securities and Exchange Commission (SEC) approved the conversion of the Grayscale Digital Large Cap Fund into an exchange-traded fund on an accelerated basis, completing its transformation from a crypto index product into an ETF structure

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