Key takeout
- Grayscale’s Crypto 5 ETF (GDLC) has begun trading with NYSE Arca as the first multi-asset Crypto ETP in the United States.
- ETFs offer exposure to BTC, ETH, XRP, SOL and ADA, covering more than 90% of Crypto’s market capitalization.
Grayscale Investments has officially launched a deal for NYSE’s Coindesk Crypto 5 ETF (formerly Grayscale Digital Large Cap Fund LLC). As a face It is the first multi-asset Crypto ETP in the United States, the company announced Friday.
The ETF, trading under the Ticker GDLC, received SEC approval on Wednesday to list it as NYSE Arca’s multi-asset Crypto ETP after regulatory approval new A popular listing standard for product-based trusted stocks, promotes a faster list of stock exchange digital assets.
Grayscale CEO Peter Mintzberg called the launch “a historic milestone for the entire crypto ETP landscape.”
This ETF I met growth Investor demand for diverse exposure to crypto for almost all 10 years and investors In a statement, Mintzberg said: Transparent access Become the liquid and largest crypto asset. ”
GDLC funds will be able to provide a range of investment vehicles through a single investment vehicle, including Bitcoin, Ethereum, XRP, Solana, and Cardano, that It collectively represents more than 90% of the capitalization of the crypto market.
The fund tracks Coindesk 5 index and quarterly rebalances to maintain consistency with key assets in the crypto market. GDLC began to be published on OTCQX in 2019 and became the 1934 Stock Exchange Act in 2021.
The SEC’s decision to adopt general listing criteria represents a milestone in creating a diverse US crypto ETF framework. Grayscale was the first Hard For profit.
The development recalls Grayscale’s previous court victory over the SEC. Approval of Spot Bitcoin ETF.
Grayscale is currently awaiting regulatory decisions regarding several single-asset Crypto ETF filings expected in the coming weeks.
