Source: sec.gov
The filing read,
“The Trust’s purpose is to hold “DOGE”, which are digital assets that are created and transmitted through the operations of the peer-to-peer Dogecoin Network, a decentralized network of computers that operates on cryptographic protocols…”
GDLC’s debut shows strength
Grayscale’s launch of the CoinDesk Crypto 5 ETF (GDLC) added to the fire building around crypto investment products.
The ETF tracks the five largest cryptocurrencies by market cap. It drew $22 million in inflows on its very first day of trading.
While not on par with the record-setting Bitcoin ETFs, Bloomberg’s Eric Balchunas noted that the performance was still well above the average ETF debut.
Source: X
Investors’ growing comfort with regulated crypto baskets and comes just as the SEC’s new Generic Listing Standard brings added advantage to the players.
With shorter approval timelines, the community believes this shift could open the door for dozens of new crypto ETF applications.
Many expect a surge in filings over the coming months.
