The Bag and Securities Commission (SECOND) has approved the conversion of the Grayscale Grande (GDLC) in a background quoted in spots (ETF)A presentation of a presentation.
The Fund tracks the price of Bitcoin
Ethereum, XRP, Solana and Cardano. Most of the weight of the fund, currently around 80%, is in Bitcoin. The SEC letter on Tuesday indicated that the fund is compared to the Coindesk 5 index (CD5).
GDLC was launched in February 2018 and since then has attracted almost $ 755 million in assets under administration. It has an expenditure ratio of 2.5%.
In a statement, the chief of research and investigation of the indices of Coindesk, Andy Baehr, said: “We are delighted to see the approval of the SEC, racing the way for this gray scale fund, compared to the Coindesk 5 index, to be qualified as an ETF and allow investors and advisors to capture the largest and most liquid digital assets in a single product.”
Baehr said the background will become the ETF of Multi-Totoken Digital Assets in the world.
Crypto Asset Manager Bitwise is as follows in the line to receive a DEC of the SEC to convert its Bitwise 10 crypto index fund (Bitw) In an ETF. Bitw has 79% in Bitcoin and the rest in Ether, XRP, Sol, Ada, Sui
Chainlink, Avalanche, Litecoin and Polkadot.
