USA: Asset manager Grayscale requested Ethereum, Solana, Cardano and XRP ETFs

• Grayscales ETF applications for the four established crypto-assets signal the growing trust of the institutions in crypto systems with great market capitalization.
• She the mainstream for digital assets should make even more receptive, because crypto ETFs no longer contradict the basic attitude of the US stock exchange supervision Sec Sec.

Grayscale investments, a leading administrator of digital assets, has taken steps to convert his digital large CAP Fund into an exchange -traded fund (ETF) – CNF reported. On April 1, the company submitted an S-3 registration declaration to the US stock exchange supervision SEC, which aims to write down the ETF at the NYSE ARCA exchange. Ainvest commented:

“The recent developments in Grayscale are part of a larger trend in the investment world, in which digital assets are increasingly recognized as practical and attractive investment option. The strategic steps of the company to convert its fund into ETFs and to expand its offer reflects a growing acceptance of cryptocurrencies within the traditional financial system.”

Broad crypto portfolio

The Grayscale Digital Large Cap Fund was launched in 2018 and offers investors a commitment in a curated selection of well -known cryptocurrencies. At the time of submission, the fund manages assets of over $ 600 million.

According to reports, the portfolio of the Bitcoin (BTC), Ethereum (Eth), Solana (Sol), XRP and Cardano (ADA) (ADA), which together make up about 75 % of the market capitalization of digital assets, without meme coins and stage coins.

Implications for investors

In addition, the conversion of the fund into an exchange-traded ETF could democratize access to a diversified crypto investment vehicle and expand the possibilities beyond accredited investors to the broader public.

This step is in accordance with the growing trend to integrate digital assets into traditional financial instruments, which could increase liquidity and transparency on the cryptom market.

Regulation and market dynamics

Grayscale’s application reflects a broader advance of the industry in the direction of crypto-based ETFs, especially after the approval of mixed crypto index ETFs by the SEC in December.

These developments indicate a potential change in regulatory settings, which may be influenced by the approach of the current government to regulate digital assets.

Market development of Ethereum

The interoperability upgrades and the strong technical indicators also contribute to this dynamic-CNF reported-and that indicate that it is worth observing the Ethereum competitors in the middle of a recovering cryptom market. In the midst of this progress, Ethereum, key component of the Grayscale fund, has shown a remarkable market activity.

When writing this article, Ethereum (ETH) is traded at around $ 1,878.20, with the course increasing by 2.13 % in the past few days, while it has fallen by 8.60 % in the past week. See ETH price diagram below.