Grayscale files S-3 for Digital Large Cap ETF

Asset manager Grayscale has filed to list an exchange-traded fund (ETF) holding a diverse basket of spot cryptocurrencies, US regulatory filings show.
On April 1, Grayscale submitted an S-3 regulatory filing to the US Securities and Exchange Commission (SEC), which is required to convert the non-listed fund to an ETF.
The Grayscale Digital Large Cap Fund, which was created in 2018 but is not yet exchange-traded, holds a crypto index portfolio comprising Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP) and Cardano (ADA).
As of April 1, the fund has more than $600 million in assets under management (AUM) and is only available to accredited investors (entities or individuals with high net worth), according to Grayscale’s website.
The filing follows an Oct. 29 request by NYSE Arca, a US securities exchange, for permission to list the Grayscale index fund.
Grayscale’s digital large cap fund holds a diverse basket of digital assets. Source: Grayscale
Related: US crypto index ETFs off to slow start in first days since listing
Index ETFs in focus
The filing underscores how ETF issuers are accelerating planned crypto product launches now that US President Donald Trump has led federal regulators to a softer stance on digital asset regulation.
In December, the SEC greenlighted the first batch of mixed crypto index ETFs. However, the funds — sponsored by Hashdex and Fidelity — hold only Bitcoin and Ether. They have seen relatively modest inflows since debuting in February.
In February, the SEC acknowledged more than a dozen exchange filings related to cryptocurrency ETFs, according to records. The filings address issues such as staking and options for existing funds as well as new fund proposals for altcoins such as SOL and XRP.
According to industry analysts, crypto index ETFs are a main focus for Wall Street’s issuers after ETFs holding BTC and ETH debuted last year. “The next logical step is index ETFs because indices are efficient for investors — just like how people buy the S&P 500 in an ETF. This will be the same in crypto,” Katalin Tischhauser, head of investment research at crypto bank Sygnum, told Cointelegraph in August.
Magazine: How crypto laws are changing across the world in 2025
Bitcoin (BTC) $ 102,404.00
Ethereum (ETH) $ 2,267.09
Tether (USDT) $ 1.00
XRP (XRP) $ 2.06
BNB (BNB) $ 630.28
Solana (SOL) $ 134.73
USDC (USDC) $ 0.999807
TRON (TRX) $ 0.271518
Dogecoin (DOGE) $ 0.154251
Lido Staked Ether (STETH) $ 2,267.67
Cardano (ADA) $ 0.550393
Wrapped Bitcoin (WBTC) $ 102,341.00
Hyperliquid (HYPE) $ 33.23
Wrapped stETH (WSTETH) $ 2,731.61
Bitcoin Cash (BCH) $ 466.18
Sui (SUI) $ 2.56
LEO Token (LEO) $ 8.95
Chainlink (LINK) $ 11.95
Stellar (XLM) $ 0.235777
USDS (USDS) $ 0.999819
Avalanche (AVAX) $ 16.80
Toncoin (TON) $ 2.85
WhiteBIT Coin (WBT) $ 48.46
Shiba Inu (SHIB) $ 0.000011
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
Litecoin (LTC) $ 80.42
WETH (WETH) $ 2,268.07
Wrapped eETH (WEETH) $ 2,426.48
Hedera (HBAR) $ 0.136813
Monero (XMR) $ 307.58
Ethena USDe (USDE) $ 1.00
Polkadot (DOT) $ 3.27
Bitget Token (BGB) $ 4.20
Coinbase Wrapped BTC (CBBTC) $ 102,389.00
Pepe (PEPE) $ 0.000009
Uniswap (UNI) $ 6.43
Pi Network (PI) $ 0.503953
Dai (DAI) $ 0.999796
Aave (AAVE) $ 232.66
Ethena Staked USDe (SUSDE) $ 1.18
OKB (OKB) $ 50.93
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
Bittensor (TAO) $ 313.88
Aptos (APT) $ 4.10
Cronos (CRO) $ 0.083338
sUSDS (SUSDS) $ 1.06
Internet Computer (ICP) $ 4.70
Jito Staked SOL (JITOSOL) $ 163.35
NEAR Protocol (NEAR) $ 1.95
Ethereum Classic (ETC) $ 15.52
Tokenize Xchange (TKX) $ 27.97
USD1 (USD1) $ 0.999946
Ondo (ONDO) $ 0.686408
Mantle (MNT) $ 0.613735
Gate (GT) $ 16.61
Fasttoken (FTN) $ 4.44
Official Trump (TRUMP) $ 8.88
Kaspa (KAS) $ 0.065733
Cosmos Hub (ATOM) $ 3.79
VeChain (VET) $ 0.019760
Lombard Staked BTC (LBTC) $ 101,524.00
Artificial Superintelligence Alliance (FET) $ 0.605699
POL (ex-MATIC) (POL) $ 0.172790
Sky (SKY) $ 0.072512
Render (RENDER) $ 2.92
Ethena (ENA) $ 0.248237
First Digital USD (FDUSD) $ 0.997150
Filecoin (FIL) $ 2.17
USDtb (USDTB) $ 0.999395
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.21
Worldcoin (WLD) $ 0.853748
Algorand (ALGO) $ 0.161460
USDT0 (USDT0) $ 1.00
Binance-Peg WETH (WETH) $ 2,268.40
KuCoin (KCS) $ 10.87
Arbitrum (ARB) $ 0.272453
Quant (QNT) $ 89.14
Binance Staked SOL (BNSOL) $ 141.91
NEXO (NEXO) $ 1.15
Sei (SEI) $ 0.206347
Flare (FLR) $ 0.016702
Kaia (KAIA) $ 0.182222
Rocket Pool ETH (RETH) $ 2,578.64
Jupiter (JUP) $ 0.355021
Kelp DAO Restaked ETH (RSETH) $ 2,374.92
Polygon Bridged USDT (Polygon) (USDT) $ 1.00
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999851
PayPal USD (PYUSD) $ 0.999648
Injective (INJ) $ 10.03
Bonk (BONK) $ 0.000013
Celestia (TIA) $ 1.43
SPX6900 (SPX) $ 1.03
XDC Network (XDC) $ 0.057855
Virtuals Protocol (VIRTUAL) $ 1.42
Optimism (OP) $ 0.510147
Stacks (STX) $ 0.576729
PAX Gold (PAXG) $ 3,419.80
Fartcoin (FARTCOIN) $ 0.874781
Solv Protocol BTC (SOLVBTC) $ 102,245.00
Wrapped BNB (WBNB) $ 630.55