Odaily News Nate Geraci, president of The ETF Store, said in a post on X that the U.S. SEC has officially confirmed that it has received an application to convert Grayscale Digital Large Cap Fund (GDLC) into an ETF. GDLC holds about 77% of BTC, 17% of ETH, and the rest are SOL, XRP, and AVAX. The SEC is soliciting public opinions, and the decision-making time has begun. Earlier news, Grayscale Investments submitted an application to the U.S. SEC, seeking to convert its hybrid crypto fund containing Bitcoin, Ethereum, Solana, XRP, and Avalanche into an ETF. The company has previously converted its Bitcoin and Ethereum funds into ETFs. The official website shows that the product is called "Digital Large Cap Fund" (Grayscale Digital Large Cap Fund, code name GDLC), which is currently traded over the counter with an AUM of US$524 million.