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Grayscale’s Digital Large Cap Fund is a multi-asset investment product currently trading as a closed-end fund and is composed of nearly 80% Bitcoin, 12% Ethereum, less than 5%, 3% and 1% of XRP, Solana and Cardano, respectively.
The SEC committed to notifying the New York Stock Exchange of any future actions related to its stay on the GDLC Fund’s ETF conversion.
The Securities and Exchange Commission initially granted approval for Grayscale’s request to convert its Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF).
The U.S. Securities and Exchange Commission put a pause on converting Grayscale’s Digital Large Cap Fund LLC into an ETF.

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