US Regulators Consider Approving Grayscale Crypto Index ETF

U.S. regulators are considering a request to list the first exchange-traded index fund (ETF) that holds multiple crypto assets, including multiple altcoins.
On the 4th (local time), asset management company Grayscale said, "If the proposed rule change is adopted, this will be a multi-cryptocurrency asset (ETF)
"This will be the first national stock exchange rule to allow the listing and trading of shares of NYSE Arcadia on October 29," the report said.
Arca is the Grayscale Digital Large Cap Fund
The Fund has requested permission from the U.S. Securities and Exchange Commission (SEC) to list its shares on the stock exchange.
If approved, the Grayscale Digital Large Cap Fund will be the first U.S. ETF to include altcoins such as Solana and Avalanche (AVAX).
Grayscale said, "If the proposed rule changes are adopted, this would be the first domestic securities exchange rule to allow the listing and trading of multiple cryptocurrency 'ETF' shares."
The fund holds a cryptocurrency index portfolio consisting of Bitcoin, Ethereum, Solana, Avalanche and Ripple.
Grayscale, which launched in 2018, is not yet trading on a public exchange. According to Grayscale's website, GDLC is worth approximately $534 million (approximately $81.45 billion) as of Nov. 4.
The company has assets under management (AUM) of ¥1 million.