The SEC waved its hand (in a good way) and approved the transformation of the Grayscale Digital Large Cap Fund (GDLC) into a full-fledged ETF. Now this beauty will be traded on NYSE Arca — the very exchange where ETFs run faster than the crypto winter. 🏃♂️❄️
📦 Composition of the crypto basket at launch:
BTC — 68.35% (the king remains the king),
ETH — 21.22% (Ethereum $ETH is being picked up),
SOL — 3.65% ($SOL sunny chance),
XRP — 2.54% (still here),
ADA — 2.19% (an academic on the side),
AVAX — 1.18%,
DOT — 0.87%.
⚙️ What's important:
Spot only — no futures or derivatives, just hardcore 💪
Custodian — Coinbase (as reliable as a Swiss vault)
Valuation — via CF Benchmarks, all transparent like blockchain 🧐
The basket will change depending on market capitalization — so hold on tight, meme coins, you might get a call to this elite club someday. 😄
