NYSE Plans to List Grayscale’s Crypto Index ETF

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NYSE Arca, a securities exchange, has requested permission from US regulators to list a Grayscale exchange-traded fund (ETF) that holds a diverse selection of spot cryptocurrencies.

The ETF, known as the Grayscale Digital Large Cap Fund, was created in 2018 and currently holds a portfolio of cryptocurrencies that includes Bitcoin, Ether, and Solana.

According to Grayscale’s website, the fund currently has $565 million in assets under management (AUM). On October 16th, Grayscale filed to convert the fund into an ETF, just days before NYSE’s filing.

While there are other proposed index funds from companies like Hashdex and Franklin Templeton, Grayscale’s fund stands out as it tracks a basket of alternative cryptocurrencies, such as Avalanche and XRP.