据报道，Grayscale 正在将其数字大盘基金 (GDLC) 转换为 ETF

加密资产管理公司 Grayscale 正在将其 Grayscale Digital Large Cap Fund (GDLC) 转换为交易所交易基金 (ETF)

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

据报道，灰度正计划将其灰度数字大盘基金（GDLC）转换为交易所交易基金（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).

此举将为投资者提供主要数字资产的多元化投资组合，包括比特币（BTC）、以太坊（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 的数字大盘基金目前管理着约 5.24 亿美元的资产，主要关注比特币和以太坊。

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

该基金约 75% 分配给比特币，以太坊约占 19%，其余投资分配给 Solana、XRP 和 Avalanche。

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

据称，这种多元化的方法为寻求更广泛的加密货币市场投资的投资者提供了一个平衡的切入点。

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.

纽约证券交易所代表 Grayscale 提交了 19b-4 申请，寻求美国证券交易委员会 (SEC) 批准修改其规则手册，以允许该新 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.

该文件是在市场经历了关键的一年之后提交的，最近比特币和以太坊的现货 ETF 分别于 1 月和 7 月获得批准。

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

这些基金可以持有实际代币，而不是依赖期货合约。

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.

这一转变是在此类指数基金多年来遭到拒绝之后发生的，这是由于法院对灰度的裁决有利于美国证券交易委员会，导致美国证券交易委员会重新考虑其立场。

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).

灰度今年推出了四只ETF，包括灰度比特币ETF（NYSE：BTC）、灰度以太坊ETF（NYSE：ETH）、灰度莱特币ETF（NYSE：LTC）和灰度Chainlink ETF（NYSE：LINK）。

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

该公司的战略包括扩大其产品范围，以满足对多样化数字资产投资日益增长的需求。

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 专家 Eric Balchunas 表示，ETF 持有的资产主要是比特币和以太坊，可以提供足够的灵活性来容纳规模较小、流动性较差的资产，从而可能为批准铺平道路。

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the year, Grayscale's Bitcoin and Ethereum funds have seen significant outflows, with around $20 billion and $3 billion withdrawn, respectively.

一年来，Grayscale 的比特币和以太坊基金出现大幅流出，分别撤出约 200 亿美元和 30 亿美元。

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

作为回应，该公司推出了这些基金的较低费用版本，吸引了超过 7 亿美元的资金流入。

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

这些 ETF 的批准推动了 BTC 和 ETH 价格的飙升，表明投资者对加密货币市场的信心重拾。

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.

其他资产管理公司也准备推出包含 Solana、XRP 和 Litecoin 等较小代币的 ETF，Canary Capital 和 Bitwise Invest 最近提交的文件突显了更广泛的趋势。

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.

此举正值美国监管机构的审查日益严格之际，尽管有多项申请，但美国证券交易委员会尚未批准任何加密货币现货 ETF。

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

截至撰写本文时，BTC 交易价格为 67,750 美元，每周大幅上涨 11%。