Bitcoin
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$94,815.00 -0.21137
Bitcoin price
Ethereum
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$3,595.20 0.414
Ethereum price
BNB
BNB (BNB)
$648.35 2.46708
BNB price
Solana
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$223.87 0.05977
Solana price
XRP
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$2.59 14.43881
XRP price
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$0.000029 2.03315
Shiba Inu price
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$0.0000202 0.94229
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$0.0000421 0.64767
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$3.15 3.72909
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$1.25 8.3963
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Bitcoin
Bitcoin (BTC)
$94,815.00 -0.21137
Bitcoin price
Ethereum
Ethereum (ETH)
$3,595.20 0.414
Ethereum price
BNB
BNB (BNB)
$648.35 2.46708
BNB price
Solana
Solana (SOL)
$223.87 0.05977
Solana price
XRP
XRP (XRP)
$2.59 14.43881
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000029 2.03315
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000202 0.94229
Pepe price
Bonk
Bonk (BONK)
$0.0000421 0.64767
Bonk price
dogwifhat
dogwifhat (WIF)
$3.15 3.72909
dogwifhat price
Popcat
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$1.25 8.3963
Popcat price
Bitcoin
Bitcoin (BTC)
$94,815.00 -0.21137
Bitcoin price
Ethereum
Ethereum (ETH)
$3,595.20 0.414
Ethereum price
BNB
BNB (BNB)
$648.35 2.46708
BNB price
Solana
Solana (SOL)
$223.87 0.05977
Solana price
XRP
XRP (XRP)
$2.59 14.43881
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000029 2.03315
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000202 0.94229
Pepe price
Bonk
Bonk (BONK)
$0.0000421 0.64767
Bonk price
dogwifhat
dogwifhat (WIF)
$3.15 3.72909
dogwifhat price
Popcat
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$1.25 8.3963
Popcat price
Bitcoin
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$94,815.00 -0.21137
Bitcoin price
Ethereum
Ethereum (ETH)
$3,595.20 0.414
Ethereum price
BNB
BNB (BNB)
$648.35 2.46708
BNB price
Solana
Solana (SOL)
$223.87 0.05977
Solana price
XRP
XRP (XRP)
$2.59 14.43881
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000029 2.03315
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000202 0.94229
Pepe price
Bonk
Bonk (BONK)
$0.0000421 0.64767
Bonk price
dogwifhat
dogwifhat (WIF)
$3.15 3.72909
dogwifhat price
Popcat
Popcat (POPCAT)
$1.25 8.3963
Popcat price

SEC publishes NYSE Arca’s proposal to uplist Grayscale fund

sec-publishes-nyse-arcas-proposal-to-uplist-grayscale-fund
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SEC publishes NYSE Arca’s proposal to uplist Grayscale fund

The U.S. Securities and Exchange Commission has published the application to uplist a Grayscale digital asset fund to an exchange-traded fund in the Federal Register.

The SEC’s action signals that the review process for the NYSE Arca filing, which seeks to convert the multi-token Grayscale Digital Large Cap Fund into an ETF, is now underway, according to a Grayscale announcement on Nov. 4.

NYSE Arca recently submitted Form 19b-4 to list and trade shares of the Grayscale fund. The SEC’s decision to add the proposal to the Federal Register has formally initiated the review process for the proposed rule change.

Under U.S. securities laws, the review process can take up to 240 days. Form 19b-4 includes NYSE Arca’s proposal to expand the definition of exchange-traded products holding commodities and digital assets beyond Bitcoin (BTC) and Ethereum (ETH).

“Grayscale and NYSE Arca have taken a thoughtful approach toward developing a proposed ruleset to permit the listing and trading of shares of multi-crypto asset ETPs within the SEC’s existing standard, and we look forward to engaging constructively with regulators, as we seek to bring digital assets further into the U.S. regulatory perimeter and deliver for our clients.”

David LaValle, Grayscale’s global head of ETFs.

Grayscale initially offered GDLC as a private placement starting February 2018, before it opened it for public trading in November 2019. The product became a reporting entity with the SEC in July 2022.

Currently the fund holds five coins. Apart from BTC and ETH, the others are Solana (SOL), XRP (XRP) and Avalanche (AVAX). The fund trades on OTC markets and had more than $530 million in total assets under management as of November 1, 2024.

If approved, the Grayscale product would become the first multi-token exchange-traded product to list and trade on a national securities exchange