Grayscale takes another step forward by submitting an S-3 form to the SEC to convert its Digital Large Cap Fund into an ETF.
Fund Conversion to ETF
Grayscale has submitted an S-3 form to the SEC to convert the Digital Large Cap Fund into an ETF. This move is part of the company's effort to merge digital asset investing with traditional markets, providing easier access for investors.
Avalanche ETF Listing Proposal
Last week, Nasdaq submitted a filing to the SEC to list and trade shares of Grayscale's spot Avalanche ETF. This submission, filed via Form 19b-4, seeks approval to transform the Avalanche Trust into a publicly traded ETF.
Accessibility Goals for AVAX
Launched in August 2023, the Avalanche Trust was designed for institutional investors to invest in AVAX, the native cryptocurrency of the Avalanche blockchain. The goal behind converting it into an ETF is to make AVAX investments more accessible while introducing stronger regulations in financial operations.
Through these moves, Grayscale is simplifying traditional investors' entry into the digital asset world, reinforcing its role in the crypto-finance market.
