Grayscale files to convert Digital Large Cap Fund into ETF 💼
Grayscale Investments has taken a strategic move by filing an S-3 form with the U.S. Securities and Exchange Commission. This filing aims to convert its Digital Large Cap Fund into an exchange-traded fund (ETF).
The application, filed on April 1, is significant as it seeks to transition the private investment vehicle into a publicly traded entity. This move marks a potential pivotal step for Grayscale in expanding its market reach and offering greater accessibility to investors.
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