Select Page

Grayscale Files Registration Statement With SEC for $GDLC

Grayscale Files Registration Statement With SEC for $GDLC
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.

Grayscale Investments files with the SEC to make a reporting company out of its diversified large-cap fund.

Grayscale Investments announced today the public filing of a Registration Statement on Form 10 with the U.S Securities and Exchange Commission (SEC). The move was done on behalf of Grayscale Digital Large Cap Fund (GDLC). The voluntary filing is subject to SEC review and is the third investment fund of Grayscale’s to be registered as a reporting company with the SEC. 

The Digital Large Cap Fund’s goal is to hold large-cap crypto assets together to make up 70% of the virtual asset market. The fund intends to hold on to a market capitalization-weighted portfolio, which is under quarterly review for rebalancing to meet the target coverage ratio.

The fund is an investment vehicle that gives investors the ability to partake in asset allocations using the fund’s shares.  The filing goes along with Grayscale’s commitment to moving the GDLC through the product pipeline and eventually launch a digital currency ETF.  

If the SEC accepts the registration, the trust will then become subject to Regulation 12A under the U.S. Exchange Act.  The 12A Regulation will require regular reporting, but is expected to attract investors with more conservative mindsets. The announcement is also the first step in the journey of making the fund into a publicly-traded asset. This is because a thumbs up from the SEC would also register the shares with the commission. 

The GDLC was launched back in 2019 and has since grown nearly 300%. The fund is made up of five different cryptocurrencies including bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), litecoin (LTC), and Link (LINK). 

While the GDLC has been earning well, Grayscale’s Bitcoin Trust (GBTC) has not been as fortunate. The GBTC, which has been trading at a discount for months, recorded a record low this week of -20.448%. This means the shares of GBTC are more than 20% less than its net asset value.

According to GDLC, the fund has exceeded $630 million in managed assets, while the Grayscale firm manages over $53 billion in overall assets. Shares of the GDLC are trading on over-the-counter markets, an ATS operating on different regulations than a regular exchange.


The post Grayscale Files Registration Statement With SEC for $GDLC appeared first on BeInCrypto.


Source: BeInCrypto


All In One Crypto App presents a unique dynamic crypto course that allows you to become a profitable and successful trader. Download Now

Don't forget to share your review/suggestions for android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own here



Select Sub Category


All In One Crypto App

Made $234 profit with Free Signals from $50

This is the best useful app on my phone. Started trading with $50 and in 5 weeks I was up to $234 just with the free signals. I will recommend it to any new person that wants to try trading crypto. Link to Review

Asoluka Chimdindu

Free User
All In One Crypto App

Good Support

This app is one of the best for crypto currency trading signal for experts and beginal with free and premier with auto follow trading bot all the signal is excellent with accurate technical analysis and fundamental I really like the way they guide and support. Link to Review

olaplus olaplus

Premium User
All In One Crypto App

Accurate Trading Signals

I was premium member of this channel back in 2018 when there was no app. Thr signals were too good, more than 90% accuracy. Now with this app and newly introduced auto trading bot, it will be awesome. Too the moon. Link to Review

Yogesh Patil

Premium member
All In One Crypto App

Awesome and Accurate Signals

Very glad to use this app. The crypto signals was awesome and accurate with detailed explanation and visual information. The admin also helpful and nice. Link to Review

soon cheong

Free User
All In One Crypto App

User Friendly App

Signals are great. I love it. App also friendly to use… Nice job guys Link to Review

Olawunmi Dilureni

Premium Subscriber

Recent Comments