灰度文件將其數字大型帽基金轉換為現場加密貨幣ETF

Yerevan（coinchapter.com） - 灰度（Grayscale）於4月1日向美國證券交易委員會（SEC）提交了S-3申請。該文件旨在將其數字大型CAP基金轉換為現場加密貨幣ETF，從而可以公開交易。

Grayscale is seeking to launch a spot cryptocurrency ETF, according to an S-3 filing with the SEC on April 1. The firm is converting its Digital Large Cap Fund into an ETF that will be publicly traded.

根據4月1日向SEC的S-3文件，該公司正在尋求推出現場加密貨幣ETF。該公司將其數字大型CAP基金轉換為將公開交易的ETF。

The Digital Large Cap Fund is an existing product that was launched in 2018. It is not listed on any exchange and currently available only to accredited investors, according to the Grayscale website.

根據Grayscale網站的說法，數字大型CAP基金是一種現有的產品。根據Grayscale網站的數據，該產品尚未在任何交易所列出，目前僅適用於認可的投資者。

The fund includes a crypto index ETF structure that holds several major digital assets. These are Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP, and Cardano (ADA).

該基金包括一個擁有多個主要數字資產的加密指數ETF結構。這些是比特幣（BTC），以太（ETH），Solana（Sol），XRP和Cardano（ADA）。

Digital Large Cap Fund Holds Over $600 Million

數字大型帽基金持有超過6億美元

As of April 1, the Digital Large Cap Fund had over $600 million in assets under management (AUM). The current crypto prices reflected in the fund are BTC at $84,308, ETH at $1,861, SOL at $123.97, XRP at $2.08, and ADA at $0.668.

截至4月1日，數字大型CAP基金管理的資產超過6億美元（AUM）。該基金反映的當前加密價格為BTC的價格為84,308美元，ETH的$ 1,861，SOL $ 123.97，XRP $ 2.08，ADA為0.668美元。

The fund uses a market cap-weighted index to distribute value across different coins based on their market sizes. It provides access to a basket of the largest digital currencies.

該基金使用市場上限加權指數根據其市場規模在不同硬幣上分配價值。它提供了使用最大數字貨幣的籃子的訪問權限。

To make the Digital Large Cap Fund a spot cryptocurrency ETF, Grayscale needs approval from the SEC under the S-3 regulation.

為了使數字大型CAP基金成為現貨加密貨幣ETF，灰度需要根據S-3法規獲得SEC的批准。

NYSE Arca Supported Grayscale’s ETF Proposal

NYSE ARCA支持Grayscale的ETF提案

On October 29, NYSE Arca submitted a proposal to list the Digital Large Cap Fund on its exchange as part of a broader effort to bring more crypto index ETFs to public markets.

10月29日，紐約證券交易所ARCA提交了一項建議，將數字大型CAP基金列為其交換，這是將更多加密指數ETF帶到公共市場的更廣泛努力的一部分。

The new S-3 filing from Grayscale follows the earlier proposal by NYSE Arca and reflects the broader attempt to transition crypto index products into ETFs that trade on traditional exchanges.

來自灰度的新的S-3申請遵循了NYSE ARCA的早期提案，並反映了將加密指數產品轉變為在傳統交流上進行交易的ETF的廣泛嘗試。

If approved, the spot cryptocurrency ETF would become available to regular investors, not just institutions or high-net-worth individuals.

如果獲得批准，那麼現貨加密貨幣ETF將為常規投資者提供，而不僅僅是機構或高淨值個人。

SEC Reviewed Several Crypto Index ETF Filings

SEC審查了幾個加密指數ETF文件

In December, the SEC approved several crypto index ETFs. These funds, from firms like Fidelity and Hashdex, only hold Bitcoin and Ether and started trading in February but attracted limited inflows.

12月，SEC批准了幾個加密指數ETF。這些資金來自Fidelity和Hashdex等公司，僅持有比特幣和以太幣，並於2月開始交易，但吸引了有限的流入。

By February, the SEC had acknowledged over a dozen new ETF filings. These include proposals for altcoins like XRP and SOL, and features like staking. Some filings also suggest adding options to current ETFs.

到2月，SEC已承認十幾個新的ETF文件。這些包括XRP和SOL等高級幣的建議，以及諸如Stating之類的功能。一些文件還建議將選項添加到當前的ETF中。

The trend shows that asset managers are focusing more on crypto index ETFs, which allow investors to access multiple cryptocurrencies in a single investment.

趨勢表明，資產管理人員更多地關注加密指數ETF，這使投資者可以在一項投資中訪問多個加密貨幣。

Grayscale Expanded ETF Efforts with Altcoin Exposure

灰度擴大了ETF的效果

The Digital Large Cap Fund from Grayscale includes five cryptocurrencies: Bitcoin, Ether, Solana, XRP, and Cardano, giving diversified exposure to leading crypto assets.

Grayscale的數字大型CAP基金包括五種加密貨幣：比特幣，以太，索拉納，XRP和Cardano，可多樣化地接觸領先的加密資產。

The move toward a spot cryptocurrency ETF aligns with broader interest in regulated crypto investment tools. Several firms are taking steps to launch crypto index ETFs as part of their market strategy.

朝著現場加密貨幣ETF的轉變與對受監管的加密投資工具的更廣泛興趣保持一致。幾家公司正在採取措施啟動加密指數ETF，作為其市場戰略的一部分。

The S-3 filing is a regulatory requirement for converting a private fund into a public ETF, which the SEC will review and decide whether the fund can begin trading on US markets.

S-3申請是將私人基金轉換為公共ETF的監管要求，SEC將審查並決定該基金是否可以開始在美國市場上進行交易。