Grayscale Files to List Diverse Crypto ETF Holding Bitcoin, Ether, Solana, XRP, and Cardano

Grayscale, an asset manager, has filed for the listing of an exchange-traded fund (ETF) that holds a diverse range of spot cryptocurrencies, as shown in US regulatory filings. The filing was submitted to the US Securities and Exchange Commission (SEC) on April 1, as part of the process to convert the non-listed fund into an ETF. The Grayscale Digital Large Cap Fund, established in 2018 but not yet traded on exchanges, includes a crypto index portfolio with Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP), and Cardano (ADA). With over $600 million in assets under management (AUM) as of April 1, the fund is currently only accessible to accredited investors, according to information on Grayscale's website. This filing comes after NYSE Arca's request on Oct. 29 to list the Grayscale index fund, which holds a variety of digital assets.