Grayscale Investments needs 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 Change made the request to the U.S. Securities and Change Fee (SEC) on behalf of Grayscale, The Wall Road Journal reported, submitting the 19b-4 kind requesting permission to transform the fund.
Grayscale beforehand transformed its Bitcoin Belief and Ethereum Belief into spot ETFs earlier this yr following SEC approval of every respective product within the U.S.
