Grayscale has filed to convert its multi-token fund, the Grayscale Digital Large Cap Fund (GDLC), into an ETF. The fund, which tracks five major cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH), will trade on the New York Stock Exchange once approved. This follows the firm's conversion of its Bitcoin and Ethereum funds earlier this year. Despite these ETF launches, Grayscale has faced significant investor withdrawals, totaling over $23B from its Bitcoin and Ethereum funds. Source: Coindesk