The post Grayscale Files S3 for Crypto ETF Featuring XRP and Trump’s Top Crypto Picks appeared first on Coinpedia Fintech News Grayscale has recently filed an updated S3 registration statement for its Digital Large Cap Exchange-Traded Fund (ETF). This fund is designed to offer diversified exposure to a broad range of cryptocurrencies, including major altcoins like Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP. As part of this initiative, NYSE Arca submitted a separate 19b-4 application on October 15, 2024, to list shares of the Grayscale Digital Large Cap ETF (GDLC). This application is currently under review by the U.S. Securities and Exchange Commission (SEC), with key deadlines approaching. The SEC has set an initial decision deadline for May 3, with a final ruling expected by July 2. “Today, we filed a registration statement on Form S-3 to register shares of Grayscale Digital Large Cap Fund (ticker: GDLC) under the Securities Act of 1933. This is another important step toward uplisting GDLC as an ETP. GDLC holds the top 5 crypto assets by market cap,” Grayscale wrote on X. Grayscale has made it clear that it will not move forward with the ETF’s launch unless it receives SEC approval for the NYSE Arca listing. The GDLC fund’s composition includes Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA)—the very same digital assets once mentioned by President Donald Trump as potential components of a “digital asset stockpile.” Today we filed a registration statement on Form S-3 to register shares of Grayscale Digital Large Cap Fund (ticker: $GDLC ) under the Securities Act of 1933. This is another important step toward uplisting GDLC as an ETP. GDLC holds the top 5 crypto assets by market cap, #bitcoin … pic.twitter.com/55Zj9moRb6 — Grayscale (@Grayscale) April 1, 2025 The concept of index ETFs, which has already proven successful with traditional markets like the NASDAQ and S&P 500, is gaining traction in the crypto world. Investors are increasingly drawn to these funds for their ability to provide diversification without the need to manage individual assets. Grayscale’s approach aims to capitalize on this trend by offering a simple, efficient way for both retail and institutional investors to gain exposure to the top-performing digital assets.
