Just In: US SEC Publishes Grayscale’s Digital Large Fund Cap Filing In Federal Register

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As a seasoned researcher who has witnessed the evolution of the digital asset landscape, I find myself both excited and intrigued by this recent development. The US SEC publishing Grayscale’s 19b-4 filing for its Digital Large Cap Fund is a significant step towards mainstream adoption of cryptocurrencies.

The United States Securities and Exchange Commission (SEC) has made public Grayscale’s application filing for its Digital Large Cap Fund in the Federal Register, marking a key step forward. This means the SEC will now begin scrutinizing Grayscale’s request to transform this fund into an exchange-traded fund (ETF), a process that is underway.

US SEC Publishes Grayscale’s Filing In Federal Register

In a recent statement, Grayscale announced that the U.S. Securities and Exchange Commission (SEC) has made public the filing by the NYSE for their Digital Large Cap Fund to be listed and traded as an Exchange-Traded Product (ETP). This move officially starts the assessment period during which the SEC will evaluate and potentially give approval to the submission. According to the press release, this evaluation process could take up to 240 days before the regulatory body makes a decision on whether to approve or reject the application.

Should the United States Securities and Exchange Commission (SEC) endorse the New York Stock Exchange’s (NYSE) suggested rule modification, it signifies a novel occurrence – the initial instance where a national securities exchange would facilitate the listing and trading of shares for Multi-Crypto Asset Exchange-Traded Products (ETPs).

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2024-11-04 18:43