Grayscale Investments is seeking to convert its private Digital Large Cap Fund, which includes Bitcoin, Ethereum, XRP, and Cardano, into a publicly traded exchange-traded fund (ETF). Currently, the fund is available only to accredited investors and primarily consists of Bitcoin (79.4%), with Ethereum (10.69%), XRP (5.85%), Solana (2.92%), and Cardano (1.14%) making up the rest. The fund has seen significant growth since its inception in 2018, with a price increase of 478.83%. The U.S. Securities and Exchange Commission has received Grayscale's filing, which aims to maintain much of the fund’s current structure while making it accessible to everyday investors. If successful, the ETF conversion would allow broader access to the cryptocurrency market, potentially covering about 75% of the digital asset market cap, excluding meme coins and stablecoins.

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