Investment giant Grayscale is set to make waves in the investment world with its proposal to launch a new exchange-traded fund (ETF). In a stunning development, Grayscale Investments submitted an S-3 form to the US Securities and Exchange Commission (SEC) to convert its Digital Large Cap Fund into an ETF.
Significantly, Grayscale’s strategic move is a crucial step in its vision of integrating digital assets with mainstream investing, providing investors with more streamlined access.
Grayscale To Launch a New ETF
In the latest development, asset manager Grayscale Investments has applied to convert its Digital Large Cap Fund into an ETF. As part of its proposal, the investment giant has submitted an S-3 form to the US SEC.
According to the US Securities and Exchange Commission’s official website, the investment firm submitted the application on April 1, 2025. This move comes following Grayscale’s recent initiative to list and trade Hedera ETF. The asset manager filed 19b-4 with the SEC to launch the ETF product that tracks the price of HBAR.
Nasdaq Files to List Grayscale’s AVAX ETF
Interestingly, Grayscale’s latest move comes on the heels of Nasdaq’s filing to list the asset manager’s AVAX ETF. Last week, Nasdaq filed a 19b-4 with the US SEC to gain approval to list and trade shares of Grayscale’s spot Avalanche ETF. The marketplace seeks approval to convert the asset manager’s Avalanche Trust into a publicly traded ETF.
Converting the Avalanche Trust into an ETF could make AVAX investments more widely available and appealing to a broader range of investors. Coupled with comprehensive regulatory norms, such a move could provide traders with a diversified investment opportunity.
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