Oh, Grayscale, you’re always up to something! 🤪 This time, they’ve decided to play matchmaker between the SEC and their Digital Large Crypto Fund, hoping to transform it into a proper Exchange-Traded Fund (ETF). 💍 And guess who’s getting invited to the party? None other than the ever-so-controversial XRP! 🥂
Apparently, Grayscale’s been busy converting other trusts, like their Bitcoin and Ethereum ones, into spot ETFs earlier this year. Now they’re hoping to repeat the magic with this new filing. 💸
This Digital Large Crypto Fund is a bit of a who’s who of the crypto world: Bitcoin, Ethereum, XRP, Solana, and Cardano‘s ADA are all on the guest list. 🎉
Now, let’s peek behind the curtain. 🕵️♂️ Grayscale’s website reveals that Bitcoin is still the king of the hill, holding a whopping 79.40% of the fund. Ethereum comes in second with a respectable 10.69%, while XRP snags the third spot with 5.85%. Solana and ADA bring up the rear with 2.92% and 1.14% respectively. 🥱
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2025-04-01 14:38