GrayScale recently presented a S3 registration statement an updated S3 registration for its large digital exchange fund (ETF). This box is designed to provide a variety of exposure to a wide range of cryptocurrencies, including the main altcoins such as ETHEREUM (ETH), Solana (Sol), Cardano (ADA) and XRP.
As part of this initiative, NYSE Arca submitted a separate request 19B-4 on October 15, 2024, for the large Grayscale Digital ETF (GDLC) shares. This request is currently being reviewed by the US Securities and Stock Exchange Committee (SEC), with the approaching main dates approaching. The Supreme Education Council set the deadline for the decision on May 3, with a final ruling by July 2.
Today, we presented a registration statement in the S-3 to register the shares of the Cap Digital GrayScale Digital Cap (Ticker: GDLC) under the 1933 Securities Law. This is another important step towards determining the GDLC menu where ETP.
Grayscale explained that he will not move forward with ETF’s launch unless SEC approval on the NYSE Arca menu. The composition of the GDLC Bitcoin (BTC), ETHEREUM (ETH), XRP, Solana (SOL) and Cardano (Ada) – the same digital assets mentioned by President Donald Trump as possible ingredients for “Digital Assets Store”.
ETFS concept acquires the index, which has already proven successful with traditional markets such as NASDAQ and S & P 500, traction in the world of encryption. Investors are increasingly attracted to these funds for their ability to provide diversification without the need to manage individual assets. GrayScale’s approach aims to benefit from this trend by providing a simple and effective way to retail investors and institutions for exposure to higher digital assets.
