SEC Reviews Grayscale's ETF Conversion Proposal for Large Cap Fund
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The U.S. Securities and Exchange Commission (SEC) has acknowledged an amendment proposal from Grayscale Investments to convert its Digital Large Cap Fund into an exchange-traded fund (ETF). This proposed ETF would cover major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). The acknowledgment marks a significant step in Grayscale's efforts to expand its ETF offerings, potentially increasing accessibility and liquidity for these digital assets.