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Grayscale Files For Digital Large Cap Fund ETF with SEC, XRP Included

Tue, 1/04/2025 - 11:28
Grayscale seeks approval to convert its large crypto cap fund into ETF
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Grayscale Files For Digital Large Cap Fund ETF with SEC, XRP Included
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Giant fund manager Grayscale has submitted a filing to the U.S. Securities and Exchange Commission to receive approval to convert its Digital Large Crypto Fund into an exchange-traded fund. This ETF will include the Ripple-affiliated digital currency XRP.

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This decision came after the company completed the same operation with its Bitcoin and Ethereum Trusts, and they are now trading as spot BTC and spot ETH ETFs — since the start of 2024.

The Digital Large Crypto Fund is comprised of five top cryptocurrencies — Bitcoin, Ethereum, XRP, Solana and Cardano’s ADA.

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The filing was submitted with the regulator today, on April 1. According to the fund’s page on the Grayscale website, Bitcoin holds the largest position there — 79.4%. It is followed by Ethereum (10.69%). XRP holds the third position here with 5.85%, followed by SOL (2.92%) and ADA (1.14%).

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