News View Non-AMP

Grayscale Files S3 for Crypto ETF Featuring XRP and Trump’s Top Crypto Picks

Published by
Anjali Belgaumkar

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.

NYSE Arca’s 19b-4 Application and SEC Review Process

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.”

The Growing Demand for Crypto Index ETFs

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.

FAQs

Does Grayscale have a Bitcoin ETF?

Yes, Grayscale converted its GBTC trust into a spot Bitcoin ETF after gaining SEC approval in early 2024.

How can I buy GBTC ETF?

You can buy GBTC on major stock exchanges like NYSE and Nasdaq via brokerage accounts, just like traditional ETFs.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Crypto Price Prediction for July: Upcoming Events That May Impact Markets

The crypto markets are on the edge of closing the half-year trade with the Bitcoin…

June 28, 2025

XRP News Today: What Ripple Can and Can’t Do After SEC Lawsuit

The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple is finally…

June 28, 2025

Top Pick of June 2025: Early Shiba Inu (SHIB) Holders Are Doubling Down on This Lending Coin

After seeing sky-high returns from early bets on Shiba Inu (SHIB), the meme coin crowd…

June 28, 2025

XRP is ‘Better Version of Bitcoin,’ Says Ripple Co‑Founder Chris Larsen

Ripple co-founder Chris Larsen recently shed light on XRP’s origins during an episode of the…

June 28, 2025

PENGU Coin Price Prediction: Is This the Next Dogecoin Killer?

PENGU, the Solana-based memecoin inspired by the Pudgy Penguins NFT brand, is seeing a dramatic…

June 28, 2025

Is XRP a Good Investment in 2025?

The XRP lawsuit case has been one of the biggest spotlights in crypto over the…

June 28, 2025