Grayscale Investments desires to transform its present Digital Massive Cap Fund—which incorporates Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Avalanche (AVAX)—into an exchange-traded fund (ETF).
The New York Inventory Trade made the request to the U.S. Securities and Trade Fee (SEC) on behalf of Grayscale, The Wall Road Journal reported, submitting the 19b-4 type requesting permission to transform the fund.
Grayscale beforehand transformed its Bitcoin Belief and Ethereum Belief into spot ETFs earlier this 12 months following SEC approval of every respective product within the U.S.
