“The Product Will Become The Largest Multi-Token Digital Asset etf in the World.”, – WRITE: www.coindesk.com
The Fund Tracks The Price of Bitcoin
Ethereum
Xrp
Solana
and Cardano
. The Majority of the Fund’s Weight, Currently About 80%, is in Bitcoin. The Sec’s Letter on Tuesday Noted that Fund Is BenchMarked to the Coindesk 5 Index
(CD5)
.
GDLC WAS LAUNCHED IN FEBRUARY 2018 AND HAS SINCE ATTRACTED NEARLY $ 755 Million in Assets Under Management. IT HAS A 2.5% Expense Ratio.
In a statement, Coindesk Indices Head of Product and Research andy Baehr Said, “We Are Thrilled to See Sec Approval, Paving The Way For this Grayscale Fund, BenCama. ETF, and enabling investors and advisors to capture the largest and most Liquid Digital Assets in a Single Product. ”
Baehr Said the Fund Will Become The Largest Multi-Token Digital Asset etf in the World.
Crypto Asset Manager Bitwise is Next in Line to Receive A Decision from the Sec To Convert ITS BITWISE 10 Crypto Index Fund (Bitw) Into An Etf. Bitw Holds 79% in Bitcoin and the REST IN Ether, XRP, SOL, ADA, SUI
Chainlink
Avalanche
Litecoin
and Polkadot
.
X Icon
