Grayscale已向SEC提交，将其数字大型CAP基金列为NYSE ARCA的ETF

Crypto Asset Manager Grayscale Investments于3月31日向美国证券交易委员会（SEC）提交了表格S-3注册声明，以注册并列出了其在NYSE ARCA上的Grayscale Digital大型CAP基金的股票，并在符号GDLC的标志下登记。

Crypto asset manager Grayscale Investments has filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission (SEC) to register and list shares of its Grayscale Digital Large Cap Fund on the New York Stock Exchange Arca (NYSE Arca). The move will convert the fund into an exchange-traded fund (ETF) and expand public trading access to a diversified digital asset fund.

加密资产经理Grayscale Investments已向美国证券交易委员会（SEC）（SEC）提交了S-3表格注册声明，以注册并列出纽约证券交易所ARCA（NYSE ARCA）的Grayscale Digital大型CAP基金的股票。此举将把基金转换为交易所交易基金（ETF），并扩大对多元化数字资产基金的公共交易访问。

The fund, which will trade under the ticker GDLC, is designed to provide broad exposure to the digital large-cap asset class. Its holdings are determined by the Coindesk Large Cap Select Index (DLCS), which selects the top digital assets by market capitalization that are also available for custody on Coinbase Custody and meet other criteria.

该基金将在股票GDLC下进行交易，旨在为数字大型资产类别提供广泛的敞口。它的持股由Coindesk大型帽选择指数（DLC）确定，该指数（DLC）通过市值选择了顶级数字资产，该资本也可以在Coinbase监管机构中可托管并符合其他标准。

As of March 31, the fund’s top five holdings are bitcoin (BTC), ethereum (ETH), XRP, solana (SOL), and cardano (ADA). The portfolio composition by weight is bitcoin at 79.40%, ethereum at 10.69%, XRP at 5.85%, solana at 2.92%, and cardano at 1.14%.

截至3月31日，该基金的前五名持股是比特币（BTC），以太坊（ETH），XRP，Solana（Sol）和Cardano（ADA）。重量的投资组合组成为比特币，为79.40％，以太坊为10.69％，XRP为5.85％，Solana为2.92％，Cardano为1.14％。

The fund’s investment objective is for the value of the shares (based on NAV per share) to reflect the value of the digital assets held by the fund, in accordance with the DLCS, plus any cash held by the fund and reduced by the fund’s expenses and other liabilities.

该基金的投资目标是用于股票的价值（基于每股NAB），以根据DLCS，以及基金持有的任何现金以及基金的支出和其他负债降低的任何现金，以反映基金持有的数字资产的价值。

Currently, only cash-based creation and redemption of shares are available, and no staking of the fund’s assets is permitted. The fund is subject to the terms of an administrative agreement with Grayscale and the provisions of the Articles of Association of the fund, which is governed by the laws of the Cayman Islands.

当前，仅可用基于现金的创建和赎回股票，并且不允许对基金资产的积分存放。该基金应遵守与格雷斯卡尔（Grayscale）的行政协议条款以及该基金协会章程的规定，该条款受开曼群岛法律管辖。

The launch of the ETF will depend on the SEC’s approval of a separate 19b-4 application submitted by NYSE Arca in October 2024. Grayscale stated:

ETF的启动将取决于SEC批准由NYSE ARCA于2024年10月提交的单独的19B-4申请。灰度表明：

The Fund will not seek effectiveness of this registration statement and no offering of shares hereunder will take place unless and until such approval is obtained by the SEC and the shares are approved for listing by NYSE Arca.

该基金将不会寻求本注册声明的有效性，除非SEC获得此类批准，否则将不会发表此处的股份，否则股票已由纽约证券交易所ARCA批准。

The SEC is currently reviewing several applications for bitcoin ETFs from various asset managers, including WisdomTree (NYSE: WISTR), CoinShares (LON:COIN) and Bitwise, in addition to the 19b-4 application from NYSE Arca for the Grayscale Digital Large Cap Fund.

SEC目前正在审查来自各种资产经理的比特币ETF的几项应用程序，包括WisdomTree（NYSE：WISTR），Coinshares（LON：COIN）和BITWISE，以及NYSE ARCA的19b-4应用程序用于Grayscale Arca for Grayscale Clayscale Digital大型CAP Fund。

Earlier this year, the agency rejected applications from asset managers WisdomTree and Spark Digital Capital for bitcoin futures ETFs, despite the approval of similar products from other firms in 2021.

今年早些时候，该机构拒绝了资产经理WisdomTree的申请，尽管2021年其他公司的类似产品批准了比特币期货ETF的数字资本。

Despite the setbacks in its bid to list a bitcoin ETF earlier this year, crypto asset manager Grayscale is making progress in expanding the trading of its flagship investment vehicle.

尽管今年早些时候列出了比特币ETF的挫折，但Crypto Asset Manager Grayscale仍在扩大其旗舰投资工具的交易方面取得了进展。

Earlier this year, the firm began offering a redemption program for its Grayscale Bitcoin Trust (BTC) (NYSE: GBTC) and also announced plans to pursue an uplisting of the trust’s shares to an ETF.

今年早些时候，该公司开始为其灰度比特币信托（BTC）（NYSE：GBTC）提供赎回计划，并宣布了计划将信托股份提升到ETF的计划。

Now, the firm has filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission (SEC) to register and list shares of its Grayscale Digital Large Cap Fund on the New York Stock Exchange Arca (NYSE Arca).

现在，该公司已向美国证券交易委员会（SEC）提交了S-3表格注册声明，以注册并列出其在纽约证券交易所ARCA（NYSE ARCA）的Grayscale Digital大型CAP基金的股份。

The move will convert the fund into an ETF and expand public trading access to a diversified digital asset fund.

此举将将基金转换为ETF，并将公共交易访问扩展到多元化的数字资产基金。

The fund, which will trade under the ticker GDLC, is designed to provide broad exposure to the digital large-cap asset class. Its holdings are determined by the Coindesk Large Cap Select Index (DLCS), which selects the top digital assets by market capitalization that are also available for custody by Coinbase Custody and meet other criteria.

该基金将在股票GDLC下进行交易，旨在为数字大型资产类别提供广泛的敞口。它的持股由Coindesk大型帽选择指数（DLC）确定，该指数（DLC）通过市值选择了顶级数字资产，该资本也可以由Coinbase托管托管，并符合其他标准。

As of March 31, the fund’s top five holdings are bitcoin (BTC), ethereum (ETH), XRP, solana (SOL), and cardano (ADA). The portfolio composition by weight is bitcoin at 79.40%, ethereum at 10.69%, XRP at 5.85%, solana at 2.92%, and cardano at 1.14%.

截至3月31日，该基金的前五名持股是比特币（BTC），以太坊（ETH），XRP，Solana（Sol）和Cardano（ADA）。重量的投资组合组成为比特币，为79.40％，以太坊为10.69％，XRP为5.85％，Solana为2.92％，Cardano为1.14％。

The fund’s investment objective is for the value of the shares (based on NAV per share) to reflect the value of the digital assets held by the fund, in accordance with the DLCS, plus any cash held by the fund and reduced by the fund’s expenses and other liabilities.

该基金的投资目标是用于股票的价值（基于每股NAB），以根据DLCS，以及基金持有的任何现金以及基金的支出和其他负债降低的任何现金，以反映基金持有的数字资产的价值。

Currently, only cash-based creation and redemption of shares are available, and no staking of the fund’s assets is permitted. The fund is subject to the terms of an administrative agreement with Grayscale and the provisions of the Articles of Association of the fund, which is governed by the laws of the Cayman Islands.

当前，仅可用基于现金的创建和赎回股票，并且不允许对基金资产的积分存放。该基金应遵守与格雷斯卡尔（Grayscale）的行政协议条款以及该基金协会章程的规定，该条款受开曼群岛法律管辖。

The launch of the ETF will depend on the SEC’s approval of a separate 19b-4 application submitted by NYSE Arca in October 2024. Grayscale stated:

ETF的启动将取决于SEC批准由NYSE ARCA于2024年10月提交的单独的19B-4申请。灰度表明：

“The Fund will not

“基金不会