與美國SEC的灰度文件將其數字大型CAP基金轉換為ETF

目前，數字大型CAP基金是只有經認可的投資者才能通過私人安置訪問的私人產品。但是，Grayscale的最新表格S-3註冊聲明旨在將該基金轉變為ETF，使日常投資者可以通過公共交流進行使用。

Multi-billion-dollar asset manager Grayscale has filed with the U.S. SEC to convert its Digital Large Cap Fund into a publicly available exchange-traded fund (ETF).

數十億美元的資產經理Grayscale已向美國SEC提交，將其數字大型CAP基金轉換為公開可用的交易所交易基金（ETF）。

The firm’s latest move aims to make crypto investments more accessible to the general public.

該公司的最新舉措旨在使加密投資更容易被公眾訪問。

Grayscale’s DLC Fund, a private offering accessible only to accredited investors via private placement, will now be packaged into an ETF and offered to everyday investors on public exchanges.

Grayscale的DLC基金是一種僅通過私人安置提供給認可的投資者的私人產品，現在將被包裝到ETF中，並在公共交流中提供給日常投資者。

Details of Grayscale’s latest filing

Grayscale最新文件的詳細信息

The fund, which will trade on NYSE Arca under the ticker GDLC, will hold top crypto assets in accordance with their market capitalization. These will include Bitcoin, XRP, Ethereum, Cardano, and Solana.

該基金將根據股票GDLC在紐約證券交易所進行交易，將根據其市值持有頂級加密資產。這些將包括比特幣，XRP，以太坊，Cardano和Solana。

Its shares will represent fractional ownership in these assets. They will be issued continuously, and investors can buy shares in units of 10,000 (called “Baskets”) from authorized participants.

它的股份將代表這些資產中的部分所有權。他們將連續發行，投資者可以從授權參與者的10,000股份（稱為“籃子”）購買股票。

The fund will not engage in staking or attempt to earn additional digital assets through proof-of-stake validation.

該基金將不會通過驗證證明驗證來賺錢或試圖賺取更多的數字資產。

Grayscale’s fund covers about 75% of the total crypto asset market cap (excluding stablecoins and meme coins). This broad coverage will allow investors to own a portion of the biggest and most widely held cryptocurrencies without having to purchase and manage them individually.

Grayscale的基金約佔加密資產市值總數的75％（不包括Stablecoins和Meme Coins）。這種廣泛的覆蓋範圍將使投資者能夠擁有一部分最大，最廣泛的加密貨幣，而無需單獨購買和管理它們。

The Digital Large Cap Fund is heavily weighted toward Bitcoin, which comprises 79.4% of the portfolio. Other major holdings include Ethereum at 10.69%, XRP at 5.85%, Solana at 2.92%, and Cardano at 1.14%.

數字大型CAP基金對比特幣的加權重量很大，該比特幣佔投資組合的79.4％。其他主要持有量包括以太坊為10.69％，XRP為5.85％，Solana為2.92％，Cardano為1.14％。

The fund recently added Cardano in January 2025, following a rebalancing that saw Avalanche (AVAX) exit the portfolio.

該基金最近在2025年1月增加了Cardano，此前是雪崩（Avax）退出投資組合後的重新平衡之後。

Since its inception in 2018, the fund has seen impressive returns, with a cumulative increase of 478.83%. Grayscale’s move to convert it into an ETF will allow the broader public to access this robust performance and trade the fund on public markets.

自2018年成立以來，該基金獲得了令人印象深刻的回報，累計增長了478.83％。 Grayscale將其轉換為ETF的舉動將使更廣泛的公眾能夠獲得這種穩健的績效，並在公共市場上交易基金。

The proposed ETF follows a wave of crypto ETF filings in the U.S., especially after the approval of Bitcoin spot ETFs in January 2024. Ethereum ETFs followed closely, and the market is now seeing more experimental filings.

擬議的ETF遵循美國的一波加密ETF文件，尤其是在2024年1月獲得比特幣斑點ETF之後。

Among these are ETFs for cryptocurrencies like Dogecoin and even a Trump meme coin, although these have yet to gain approval.

其中包括諸如Dogecoin甚至是特朗普模因硬幣之類的加密貨幣的ETF，儘管這些硬幣尚未獲得認可。