Grayscale has filed with the SEC to convert its GDLC fund into an ETF, aiming to expand crypto investment access for traditional investors.

Grayscale Investments is seeking permission from the Securities and Exchange Commission to turn its Grayscale Digital Large Cap Fund into an exchange-traded fund. The multi-token fund, which currently trades over the counter,

The fund tracks the CoinDesk Large Cap Select Index which measures the market cap-weighted performance of bitcoin, ether, solana, XRP, and avalanche.

Grayscale, an American crypto investment firm, has filed a petition with the U.S. SEC to convert its mixed crypto asset fund into an exchange-traded fund (ETF).