<ul><li>Grayscale has filed with the SEC to convert its Digital Large Cap Fund into a spot ETF, including cryptocurrencies like SOL, XRP, and AVAX.</li><li>The move aims to make it easier for investors to trade shares and strengthen Grayscale's position in the crypto ETF market.</li><li>Grayscale has previously successfully converted its Bitcoin and Ethereum trusts into ETFs, leading to significant market changes and investor outflows.</li><li>Other companies, such as Canary Capital, are also pushing for new ETF products, including an XRP ETF.</li></ul>

Grayscale Seeks Approval to Turn SOL, XRP, and AVAX Trusts into ETFs

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