據報道，Grayscale 正在將其數位大盤基金 (GDLC) 轉換為 ETF

加密資產管理公司 Grayscale 正在將其 Grayscale Digital Large Cap Fund (GDLC) 轉換為交易所交易基金 (ETF)

Grayscale is reportedly planning to convert its Grayscale Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF).

據報道，灰階正計劃將其灰階數位大盤基金（GDLC）轉換為交易所交易基金（ETF）。

The move would provide investors with a diversified portfolio of major digital assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP and Avalanche (AVAX).

此舉將為投資者提供主要數位資產的多元化投資組合，包括比特幣（BTC）、以太幣（ETH）、Solana（SOL）、XRP和Avalanche（AVAX）。

Grayscale's Digital Large Cap Fund currently has about $524 million in assets under management, with a heavy focus on Bitcoin and Ethereum.

Grayscale 的數位大盤基金目前管理著約 5.24 億美元的資產，主要專注於比特幣和以太坊。

Around 75% of the fund is allocated to Bitcoin, while Ethereum comprises roughly 19%, with the remaining investments distributed among Solana, XRP, and Avalanche.

該基金約 75% 分配給比特幣，以太坊約佔 19%，其餘投資分配給 Solana、XRP 和 Avalanche。

The diversified approach is said to offer a balanced entry point for investors seeking broader exposure to the cryptocurrency market.

據稱，這種多元化的方法為尋求更廣泛的加密貨幣市場投資的投資者提供了一個平衡的切入點。

The New York Stock Exchange had filed a 19b-4 application on behalf of Grayscale, seeking the Securities and Exchange Commission’s (SEC) approval to amend its rulebook to permit the listing of this new ETF.

紐約證券交易所代表 Grayscale 提交了 19b-4 申請，尋求美國證券交易委員會 (SEC) 批准修改其規則手冊，以允許該新 ETF 上市。

The filing comes after a pivotal year for the market, which recently saw the approval of spot ETFs for Bitcoin and Ethereum in January and July, respectively.

該文件是在市場經歷了關鍵的一年後提交的，最近比特幣和以太坊的現貨 ETF 分別於 1 月和 7 月獲得批准。

These funds are permitted to hold actual tokens rather than relying on futures contracts.

這些基金可以持有實際代幣，而不是依賴期貨合約。

The shift follows years of rejections of such index funds, which were prompted by a court ruling in favor of Grayscale that led the SEC to reconsider its stance.

這一轉變是在此類指數基金多年來遭到拒絕之後發生的，這是由於法院對灰度的裁決有利於美國證券交易委員會，導緻美國證券交易委員會重新考慮其立場。

Grayscale has launched four ETFs this year, including the Grayscale Bitcoin ETF (NYSE:BTC), Grayscale Ethereum ETF (NYSE:ETH), Grayscale Litecoin ETF (NYSE:LTC), and Grayscale Chainlink ETF (NYSE:LINK).

灰階今年推出了四支ETF，包括灰階比特幣ETF（NYSE：BTC）、灰階以太坊ETF（NYSE：ETH）、灰階萊特幣ETF（NYSE：LTC）和灰階Chainlink ETF（NYSE： LINK）。

The firm's strategy involves expanding its product offerings in response to increasing demand for diverse digital asset exposure.

該公司的策略包括擴大其產品範圍，以滿足對多樣化數位資產投資日益增長的需求。

According to ETF expert Eric Balchunas, the ETF's holdings, which are mainly Bitcoin and Ethereum, could offer sufficient flexibility to accommodate smaller, less liquid assets, potentially paving the way for approval.

ETF 專家 Eric Balchunas 表示，ETF 持有的資產主要是比特幣和以太坊，可以提供足夠的靈活性來容納規模較小、流動性較差的資產，從而可能為批准鋪平道路。

Over the year, Grayscale's Bitcoin and Ethereum funds have seen significant outflows, with around $20 billion and $3 billion withdrawn, respectively.

一年來，Grayscale 的比特幣和以太坊基金出現大幅流出，分別撤出約 200 億美元和 30 億美元。

In response, the firm has introduced lower-fee versions of these funds, which have attracted over $700 million in inflows.

作為回應，該公司推出了這些基金的較低費用版本，吸引了超過 7 億美元的資金流入。

Approvals for these ETFs have contributed to a surge in BTC and ETH prices, indicating a renewed investor confidence in the cryptocurrency market.

這些 ETF 的批准推動了 BTC 和 ETH 價格的飆升，顯示投資者對加密貨幣市場的信心重拾。

Other asset managers are also positioning themselves to launch ETFs that include smaller tokens such as Solana, XRP and Litecoin, with recent filings from Canary Capital and Bitwise Invest highlighting a broader trend.

其他資產管理公司也準備推出包含 Solana、XRP 和 Litecoin 等較小代幣的 ETF，Canary Capital 和 Bitwise Invest 最近提交的文件突顯了更廣泛的趨勢。

The move comes amid increasing scrutiny from regulators in the U.S., with the SEC yet to approve any spot ETFs for cryptocurrencies, despite several applications.

此舉正值美國監管機構的審查日益嚴格之際，儘管有多項申請，但美國證券交易委員會尚未批准任何加密貨幣現貨 ETF。

At the time of writing, BTC is trading at $67,750, up a substantial 11% on a weekly basis.

截至撰寫本文時，BTC 交易價格為 67,750 美元，每周大幅上漲 11%。