The proposed ETF holds a diverse basket of crypto assets, include altcoins. It may face competition.
NYSE Arca, a securities exchange, asked United States regulators for permission to list a Grayscale exchange-traded fund (ETF) holding a diverse basket of spot cryptocurrencies, according to an Oct. 29 filing.
The Grayscale Digital Large Cap Fund, which was created in 2018 but is not yet exchange-traded, holds a crypto index portfolio comprising Bitcoin (BTC), Ether (ETH), and Solana (SOL), among others.
It currently holds approximately $565 million in assets under management (AUM), according to Grayscale’s website.
