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Grayscale also made three Form 10 registration statements public on behalf of the Grayscale Bitcoin Cash Trust, Grayscale Ethereum Classic Trust, and Grayscale Litecoin Trust.
Grayscale Investments, a cryptocurrency asset management, has renewed its commitment to digital currency investment products with a new filing with the United States Securities and Exchange Commission, or SEC.
The company announced Monday that it has filed a Form 10 registration statement 10 with the SEC on behalf of its Grayscale Digital Large Cap Fund (GDLC) to become an SEC reporting company.
Grayscale’s diversified digital currency investment fund will now file 10-Qs and 10-Ks with the SEC, along with current reports on Form 8-K, in addition to “complying with all other obligations” under the Exchange Act, according to the business.
Furthermore, accredited investors who acquired shares in the fund’s private placement will have an early liquidity opportunity since the holding period for the related private placement shares will be reduced from 12 months to six months under Securities Act Rule 144.
Grayscale also stated that it has filed three more Form 10 registration statements with the SEC on behalf of other funds, including Grayscale Bitcoin Cash Trust, Grayscale Ethereum Classic Trust, and Grayscale Litecoin Trust. According to the company, it already has two SEC reporting solutions, Grayscale Bitcoin Trust and Grayscale Ethereum Trust. Grayscale said that the new Form 10 submissions are optional and subject to SEC scrutiny.
Grayscale’s vice president of legal, Craig Salm, stated that the company’s new SEC filings demonstrate “continued investor interest in gaining exposure to the growing digital currency ecosystem within existing regulatory frameworks, and that regulators continue to engage with market participants in the asset class.”
GDLC, which debuted in 2018, is an open-ended fund that offers market capitalization-based exposure to six main cryptocurrencies: Bitcoin (BTC), Ether (ETH), Cardano (ADA), Bitcoin Cash (BCH), Litecoin (LTC), and Chainlink (LINK). As of July 1, each GDLC basket share contains 67.47 percent Bitcoin, 25.39 percent Ether, and 4.26 percent ADA.