Grayscale has filed to list a diverse-basket spot cryptocurrencies ETF, US regulatory filings show

Asset manager Grayscale has filed to list an exchange-traded fund (ETF) holding a diverse basket of spot cryptocurrencies, US regulatory filings show.

Asset manager Grayscale has filed to list an exchange-traded fund (ETF) holding a diverse basket of spot cryptocurrencies, US regulatory filings on April 1 show.

The filing with the US Securities and Exchange Commission (SEC) relates to converting the non-listed Grayscale Digital Large Cap Fund to an ETF. The fund, which was created in 2018, is already being tracked by the SEC.

As of April 1, the fund has more than $600 million in assets under management and is only available to accredited investors, according to Grayscale’s website. The filing follows an Oct. 29 request by NYSE Arca, a US securities exchange, for permission to list the Grayscale index fund.

The Grayscale Digital Large Cap Fund.

The filing underscores how ETF issuers are accelerating planned crypto product launches now that US President Donald Trump has led federal regulators to a softer stance on digital asset regulation.

In December, the SEC greenlit the first batch of mixed crypto index ETFs. However, the funds — sponsored by Hashdex and Fidelity — hold only Bitcoin and Ether and have seen relatively modest inflows since debuting in February.

The filings also address issues such as staking and options for existing funds as well as new fund proposals for altcoins such as Solana and XRP.

According to industry analysts, crypto index ETFs are a main focus for Wall Street’s issuers after ETFs holding BTC and ETH debuted last year. “The next logical step is index ETFs because indices are efficient for investors — just like how people buy the S&P 500 in an ETF. This will be the same in crypto,” Katalin Tischhauser, head of investment research at crypto bank Sygnum, told Cointelegraph in August.