NYSE plans to list an exchange-traded fund from Grayscale

According to statements from NYSE officials on October 29, the platform has filed a request with regulators to list an exchange-traded fund from Grayscale. Grayscale Digital Large Cap Fund instrument appeared in 2018. It currently holds a portfolio of cryptocurrency indices, including a variety of digital coins. The fund currently has more than $565 million in assets under management. Earlier, Grayscale’s management organization applied to convert the fund into an ETF. Some competition for Grayscale comes from other funds from management organizations including Hashdex and Franklin Templeton. However, Grayscale is unique in its own way because it tracks a broad basket of assets, including alternative cryptocurrencies. In turn, Hashdex and Franklin plan to focus exclusively on bitcoin. Many analysts agree that cryptocurrency index ETFs will become a very important trend after the classic bitcoin and ether ETFs. The current situation is discussed by many industry experts. Bloomberg profile specialist Eric Balchunas also spoke about this issue. In his opinion, much will depend on the outcome of the upcoming elections in the U.S.

If Donald Trump wins, he is very likely to put an official in charge of the SEC who will be more loyal to the segment of digital assets. But if Kamala Harris becomes the next president, her administration will be very likely to limit the vector of development of the cryptocurrency segment.

Be that as it may, the upcoming elections in the United States are less than a week away

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If we believe the data of decentralized betting platforms, Donald Trump is still in the lead. However, such indicators do not give any guarantees, they can only superficially reflect the mood of the market.