Giant fund manager Grayscale has filed an application with the U.S. Securities and Exchange Commission to receive approval to convert its fund into an ETF including XRP.
Filing with the SEC
Grayscale has submitted a filing with the SEC to obtain approval to convert its Digital Large Crypto Fund into an ETF. This decision followed the successful transition of their Bitcoin and Ethereum Trusts to trading as spot ETFs since the start of 2024.
Fund Composition
The fund is comprised of five top cryptocurrencies: Bitcoin, Ethereum, XRP, Solana, and Cardano (ADA).
Portfolio Composition Details
According to Grayscale's website, Bitcoin holds the largest position with 79.4%. Ethereum follows with 10.69%. XRP holds the third position with 5.85%, followed by Solana at 2.92% and Cardano (ADA) at 1.14%.
The filing with the SEC reflects Grayscale's ambition to expand their product offerings by adding new ETFs including tokens such as XRP.
