#BTCReclaims110K
$BTC
The asset manager Grayscale was approved yesterday by the U.S. Securities and Exchange Commission to convert its Digital Large-Cap Fund into an exchange-traded fund or ETF.
Grayscale was a pioneer in cryptocurrency investment vehicles and provided investors with exposure to digital assets without the technical challenges of owning cryptocurrencies directly.
The conversion of its cryptocurrency investment funds into exchange-traded funds marks the end of an era and the maturation of the sector.