Greiscale files to convert the digital fund of a large cap in ETF

Investments in Greiscale submitted a S-3 form with American commission securities and substitution to convert their digital large CAP fund to the Stock Market Fund.

1. April submission It strives to transcribe a private vehicle in investing in a public trade product, expanding access to investors.

A digital large cap fund currently consisting of bitcoin (Btc), Etherum (El), XRP (XRP), Solana (Salt) and Cardano (Ada). Earlier accessible only accredited investors through private placements, the Fund’s conversion to the ETF would enable retail investors to the exposed diversified basket of digital assets.

Since launch is 2018. year, the market price of the Fund increased by 478.83%, according to Griscale.

The company stated that the fund covers about 75% of the market capacity of the digital asset, excluding meme coins and Stablecoins.

Cripto goes mainstream

If approved, the move would be aligned with the Greiscale Crypto integration strategy into the main investment. Setting monitors the wider trend of CRIPTO ETF approval, including the BitCoin ETFS spot in January 2024. And etferum ETFS in May.

The latest Greiscale login follows its special efforts to launch avalanche (Avaq) ETF, for which Native is recently submitted a pattern of 19B-4 with SEC.

The firm also recently submitted For the Header (Hbar) ETF, signals its continuation of pressure to spread the CRIPTO ETF.