SEC Approves Grayscale Digital Large Cap Fund and Bitcoin ETF Options Listings
Grayscale has rebranded its Digital Large Cap Fund as the CoinDesk Crypto 5 ETF, now listed on NYSE Arca, offering diversified exposure to top digital assets by market cap and liquidity.
BTC
ETH
SOL
Fact Check
The provided evidence strongly supports both claims in the statement. Multiple sources, including SEC documents and news outlets like Reuters, CNBC, and Coindesk, corroborate the approval of options listings for spot Bitcoin ETFs (Sources 1, 3, 6, 7, 8). Likewise, several sources explicitly state the SEC approved the Grayscale Digital Large Cap Fund's conversion to an ETF (Sources 10, 11, 12, 15). The claims are well-corroborated across numerous sources, lending high credibility to the statement's accuracy.
Summary
Grayscale announced that its Digital Large Cap Fund has been rebranded and listed as the CoinDesk Crypto 5 ETF (GDLC) on NYSE Arca. The fund includes Bitcoin, Ethereum, Solana, XRP, and Cardano, with quarterly rebalancing to reflect market capitalization and liquidity. The ETF is based on the CoinDesk 5 Index, developed by CoinDesk Indices, and provides investors with diversified exposure to leading cryptocurrencies.
Terms & Concepts
- CoinDesk Crypto 5 ETF (GDLC): An exchange-traded fund by Grayscale that provides exposure to Bitcoin, Ethereum, Solana, XRP, and Cardano, tracking the CoinDesk 5 Index.
- CoinDesk 5 Index: An index developed by CoinDesk Indices to track the performance of five leading cryptocurrencies by market capitalization and liquidity.