SEC approves conversion of Grayscale’s crypto large-cap fund to an ETF ✅
The U.S. Securities and Exchange Commission (SEC) has given the green light to Grayscale’s proposal to convert its Digital Large Cap Fund into a spot exchange-traded fund (ETF). According to a SEC filing dated July 1, this approval permits the fund to be listed and traded on the NYSE Arca exchange.
This decision marks a significant milestone for Grayscale, reflecting growing regulatory acceptance of cryptocurrency-based financial products. The transformation into a spot ETF offers investors an avenue to gain exposure to a mix of leading cryptocurrencies.
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