XRP Marks Another Win As SEC Approves Grayscale’s GDLC ETF
The cryptocurrency industry and the XRP market have scored a major win, with the United States Securities and Exchange Commission (SEC) approving Grayscale’s Digital Large Cap Fund, known as GDLC, for uplisting as an Exchange-Traded Fund (ETF). The timing of this approval has sparked renewed optimism among investors, particularly as XRP cements its position in […]
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Grayscale Investments has filed to make its $630-million diversified large-cap crypto fund an SEC reporting company. Grayscale has filed its third Form 10 with the United States Securities and Exchange Commission to convert one of its investment funds into an SEC-reporting company.Tweeting on Thursday, Grayscale announced that the company’s Digital Large Cap Fund, or GDLC, has filed the application with the SEC.Today we voluntarily filed for Form 10 with the SEC for $GDLC. If effective, it would designate GDLC as Grayscale’s third digital currency investment vehicle to become an SEC....
Grayscale's GDLC Fund now includes Solana and Uniswap at 3.24% and 1.06% respectively after reducing LTC and BCH holdings. Grayscale Investments, a New-York based crypto asset manager, includes Solana (SOL) and Uniswap (UNI) after rebalancing its basket of Grayscale Digital Large Cap Fund (GDLC) portfolio. The quarterly rebalancing of GDLC is done by selling existing components of the portfolio for cash and procuring performant crypto assets. Based on the adjustment, Solana and Uniswap make 3.24% and 1.06% of the Fund components respectively while Grayscale continues to cut down on....
The digital currency manager Grayscale Investments announced that the firm has updated its Digital Large Cap Fund (GDLC) in order to add the crypto asset chainlink to the fund. Chainlink is the popular blockchain oracle network and the token will replace XRP after Grayscale removed the digital currency from the GDLC. Chainlink Added to Grayscale’s Digital Large Cap Fund Following Grayscale’s recent announcement telling the public that it intends to transform the GBTC bitcoin trust into an exchange-traded fund (ETF), the organization revealed that chainlink (LINK) will be....
A bitcoin spot exchange-traded fund could unlock $8 billion in value for investors if the SEC approves Grayscale’s bid to convert GBTC to an ETF.
Cardano (ADA) becomes the third-largest component of the GDLC basket after Bitcoin and Ethereum In a recent development, Grayscale Investments announced an adjustment to its Grayscale Digital Large Cap Fund (OTCQX: GDLC) to include Cardano (ADA) as the third-largest holding.Reflecting the growing demand for crypto investments, the fund’s portfolio was adjusted by selling existing components for fiat currency and reinvesting it in Charles Hoskinson’s ADA token. As of July 1, 2021, each share of the GDLC basket is comprised of 67.47% Bitcoin (BTC), 25.39% Ethereum (ETH), 4.26% Cardano and....