Major

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/major-companies-enter-the-crypto-space-with-new-etf-initiatives/" data-wpel-link="internal">Major Companies Enter the Crypto Space with New ETF Initiatives</a> 
Before the entry of trillion-dollar companies like BlackRock and Fidelity into the <a href="https://en.coin-turk.com/adam-back-analyzes-current-bitcoin-market-trends/" data-wpel-link="internal">cryptocurrency</a> sector, DCG was the leading player in this field. It remains a significant entity among crypto-focused companies, with many major brands operating under its umbrella. Despite the bankruptcy of its largest crypto lending arm, Genesis, DCG continues to own significant stakes in major firms, including Grayscale. 
<h2 style="text-align: justify" id="new-crypto-etf-proposal">New Crypto ETF Proposal</h2> 
The anticipated move has occurred, as Grayscale recently filed for a new ETF, according to a Bloomberg announcement. The company currently manages the Grayscale Digital Large Cap Fund, known as GDLC, which contains $520.8 million worth of cryptocurrency. This fund allows simultaneous investment in BTC, ETH, <a href="https://en.coin-turk.com/recent-trends-in-cryptocurrency-ethereum-and-solanas-market-movements/" data-wpel-link="internal">SOL</a>, XRP, and <a href="https://en.coin-turk.com/avax-coin-analysis-price-breaks-resistance-whats-next/" data-wpel-link="internal">AVAX</a>, with its current asset distribution outlined below. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-397468 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/GDLC-fon-dagilimi.jpg" alt="" width="1395" height="597"> 
Today, Grayscale has prepared a filing to convert this fund into an ETF for public trading. Therefore, a unified cryptocurrency ETF featuring AVAX, XRP, and SOL Coin may be on the horizon. The fund’s allocations include 4.21% in SOL Coin and 1.78% in XRP, while AVAX represents a more symbolic figure in the overall fund. 
Although this fund reflects the long-term investment strategy of 75% BTC and 20% ETH, the stability of these proportions will be clarified in the filing. 
The post <a href="https://en.coin-turk.com/major-companies-enter-the-crypto-space-with-new-etf-initiatives/" data-wpel-link="internal">Major Companies Enter the Crypto Space with New ETF Initiatives</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Major Companies Enter the Crypto Space with New ETF Initiatives

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