Grayscale Digital Large Cap Fund Gains SECS Approval as reporting company

Crypto asset manager Grayscale says its Digital Large Cap fund has joined its Bitcoin and Ethereum trusts in gaining SEC approval as a reporting company.  It has also filed for three other funds, the Grayscale Bitcoin Cash Trust, Grayscale Ethereum Classic Trust and the Grayscale Litecoin Trust for approval.

As a reporting company, Grayscale's large cap fund  will provide quarterly reports on form 10-Q and on form10-K annual report  as well as provide financial statements for significant events on form 8-k in accordance with Regulation 13A under the Exchange act. This reporting demands help to build investors’ confidence in the fund and to bring in new investors in the long run.

The Grayscale Digital large cap fund enables investors gain exposure to large-cap digital currencies through a single investment without having to go through the challenges of buying, and safeguarding the cryptocurrencies directly. This offers investors real-time visibility into the daily composition and performance of the fund through the trade Block Grayscale Digital Large Cap index.

Grayscale’s Large Digital Cap Fund has over $630 million in assets under management and an overall of $53.1 billion in assets managed by the firm. The company’s Bitcoin and Ethereum trusts secured their reporting company privileges in 2020.

Grayscale Investment, founded in 2013, is the world’s largest  crypto asset manager with assets worth more than $30.4 billion under its management as at July 1st 2021. Operating within existing regulatory framework, its products offers secure and compliant exposure to  interested investors 

Grayscale investment is a subsidiary of the Digital Currency Group which focuses on Blockchain and digital currency market. It aims at building a better financial system by building and supporting blockchain and digital currency companies.

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