PANews reported on November 4 that according to official news, Grayscale announced that the NYSE Arca, Inc.'s 19b-4 form proposed to list and trade the Grayscale Digital Large Cap Fund (GDLC) as an ETP. The form has been published in the U.S. Federal Register, officially starting the review process, which may take up to 240 days. As part of the 19b-4 form submission, NYSE Arca's proposed rule changes are intended to revise the exchange's definition of ETPs that hold commodities and digital assets other than Bitcoin and Ethereum.
As of November 1, 2024, GDLC's assets under management have exceeded US$530 million, of which Bitcoin accounts for 76.53%, Ethereum accounts for 16.92%, Solana accounts for 4.36%, XRP accounts for 1.63%, and Avalanche accounts for 0.56%.
