This week Grayscale announced it has received positive confirmation they have received regulatory approval in the United States to publicly list a crypto index fund.
The fund is made up of five digital assets with the majority of shares in Bitcoin. This is the first such fund to be traded publicly in the United States, according to the company. In a statement, the company said,
"Our team continues to bring new opportunities for investors to gain exposure to digital currencies. We’re pleased to share that Grayscale Digital Large Cap Fund received FINRA approval for a public quotation on @OTCMarkets under symbol: $GDLCF".
The Grayscale Digital Large Cap Fund is one of the ten crypto funds managed by the fund manager. Though all other funds are single-asset products, it is the only diversified crypto basket managed by the New York-based company.
This article is not intended to be financial advice. As always, do your due diligence before investing, and never invest more than you can afford to lose.