Bitcoin ETF Grayscale Files S-3

Grayscale Seeks SEC Approval for Crypto ETF Conversion

• Grayscale has applied to the SEC to convert its Digital Large Cap Fund into a spot ETF.
• The fund currently holds Bitcoin (79.4%), Ethereum (10.69%), XRP (5.85%), Solana (2.92%), and Cardano (1.14%).
• As of March 31, the fund managed approximately $606 million in assets.
• Cardano was added to the fund after replacing Avalanche in January during an index rebalancing.
• The proposed ETF aims to broaden retail investors’ access while maintaining similar allocations.

Grayscale’s application to convert its Digital Large Cap Fund into a spot ETF includes major crypto assets like Bitcoin and Ethereum, with the fund managing around $606 million as of March 31.