Investment giant Grayscale is set to make waves in the investment world with its proposal to launch a new exchange-traded fund (ETF). In a stunning development, Grayscale Investments submitted an S-3 form to the US Securities and Exchange Commission (SEC) to convert its Digital Large Cap Fund into an ETF.
Significantly, Grayscale’s strategic move is a crucial step in its vision of integrating digital assets with mainstream investing, providing investors with more streamlined access.
Grayscale To Launch a New ETF
In the latest development, asset manager Grayscale Investments has applied to convert its Digital Large Cap Fund into an ETF. As part of its proposal, the investment giant has submitted an S-3 form to the US SEC.