Grayscale Investments now has three SEC reporting funds, with the latest addition being the Digital Large Cap Fund. The company has also requested to make three more funds SEC filers.
- Grayscale Investments, the world’s largest crypto asset manager, made two announcements on Monday.
- The first was that the Registration Statement on Form 10 filed with the US Securities and Exchange Commission for the Digital Large Cap Fund (OTCQX: GDLC) went into effect. The fund is therefore a SEC reporting company, confirmed the company, and stated:
The Fund is Grayscale’s first diversified digital currency mutual fund to become a SEC filing company in accordance with Section 12 (g) of the Securities Exchange Act of 1934, as amended.
- The Grayscale Digital Large Cap Fund will now file its reports and financial statements, along with current reports, with the SEC and comply with all other obligations under the Securities Exchange Act.
- At the end of the day on July 9, the components of the Digital Large Cap Fund comprised 67.49% Bitcoin (BTC), 25.35% Ethereum (ETH), 4.30% Cardano (ADA), 1.03% Bitcoin Cash (BCH) , 0.96% Litecoin (LTC) and 0.87% chain link (LINK).
- The second announcement on Monday was that Grayscale was filing filing registrations on From 10 to file three more crypto investment products with the SEC. These are Bitcoin Cash Trust, Ethereum Classic Trust, and Litecoin Trust.
- In addition to the Digital Large Cap Fund, Grayscale has two other SEC reporting products: Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE).
What do you think of Grayscale’s filing to make its funds SEC rapporteur? Let us know in the comment section below.
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