与美国SEC的灰度文件将其数字大型CAP基金转换为ETF

目前，数字大型CAP基金是只有经认可的投资者才能通过私人安置访问的私人产品。但是，Grayscale的最新表格S-3注册声明旨在将该基金转变为ETF，使日常投资者可以通过公共交流进行使用。

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).

数十亿美元的资产经理Grayscale已向美国SEC提交，将其数字大型CAP基金转换为公开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.

该公司的最新举措旨在使加密投资更容易被公众访问。

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基金是一种仅通过私人安置提供给认可的投资者的私人产品，现在将被包装到ETF中，并在公共交流中提供给日常投资者。

Details of Grayscale’s latest filing

Grayscale最新文件的详细信息

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.

该基金将根据股票GDLC在纽约证券交易所进行交易，将根据其市值持有顶级加密资产。这些将包括比特币，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.

它的股份将代表这些资产中的部分所有权。他们将连续发行，投资者可以从授权参与者的10,000股份（称为“篮子”）购买股票。

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

该基金将不会通过验证证明验证来赚钱或试图赚取更多的数字资产。

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的基金约占加密资产市值总数的75％（不包括Stablecoins和Meme Coins）。这种广泛的覆盖范围将使投资者能够拥有一部分最大，最广泛的加密货币，而无需单独购买和管理它们。

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%.

数字大型CAP基金对比特币的加权重量很大，该比特币占投资组合的79.4％。其他主要持有量包括以太坊为10.69％，XRP为5.85％，Solana为2.92％，Cardano为1.14％。

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

该基金最近在2025年1月增加了Cardano，此前是雪崩（Avax）退出投资组合后的重新平衡之后。

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年成立以来，该基金获得了令人印象深刻的回报，累计增长了478.83％。 Grayscale将其转换为ETF的举动将使更广泛的公众能够获得这种稳健的绩效，并在公共市场上交易基金。

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.

拟议的ETF遵循美国的一波加密ETF文件，尤其是在2024年1月获得比特币斑点ETF之后。

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

其中包括诸如Dogecoin甚至是特朗普模因硬币之类的加密货币的ETF，尽管这些硬币尚未获得认可。