Grayscale’s diversified crypto fund becomes the SEC reporting firm

The cryptocurrency asset manager Grayscale Investments strengthens its commitment to digital currency investment products with a new filing with the US Securities and Exchange Commission.

The company announced Monday that it has filed a Form 10 10 registration statement with the SEC on behalf of its Digital Large Cap Fund at Grayscale (GDLC) to become an SEC reporting firm.

Grayscale’s diversified digital currency mutual fund will now file its financial statements and reports with the SEC as 10-Qs and 10-Ks, along with updated reports on Form 8-K, in addition to “complying with all other obligations.” under the Stock Exchange Act, the company said.

Grayscale’s diversified crypto fund becomes the SEC reporting firm
Grayscale’s diversified crypto fund becomes the SEC reporting firm

In addition, accredited investors who have bought units as part of the fund’s private placement will have earlier liquidity options, as the holding period of the private placement units in question would be shortened from 12 months to six months in accordance with Rule 144 of the Securities Act.

Grayscale also announced that it has publicly filed three additional Form 10 registrations with the SEC on behalf of other funds, including Grayscale Bitcoin Cash Trust, Grayscale Ethereum Classic Trust, and Grayscale Litecoin Trust. The company already has two products that will be reported to the SEC, including Grayscale Bitcoin Trust and Grayscale Ethereum Trust, the company noted. The new Form 10 filings are voluntary and subject to SEC scrutiny, Grayscale added.

Craig Salm, vice president of legal affairs at Grayscale, noted that The company’s new SEC filings show that “there is a continuing interest from investors to get involved in the growing digital currency ecosystem within the existing regulatory framework and that regulators continue to interact with market participants in this category of assets.”

Launched in 2018, GDLC is an open-ended fund that offers market capitalization-based exposure to six major cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Cardano (ADA), Bitcoin Cash (BCH), Litecoin (LTC) and Chainlink. ( LINK). On July 1st, each GDLC basket share comprises 67.47% Bitcoin, 25.39% Ether and 4.26% ADA.

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