grayscale investment trading
Grayscale To Launch Diversified Large Cap Fund for Public Trading
November 25, 2019
grayscale investment trading
Grayscale To Launch Diversified Large Cap Fund for Public Trading
November 25, 2019

Grayscale Investments, the US-based digital asset management is soon launching its diversified cryptocurrency investment product for public trading.

On Nov. 22, the firm announced that trading will soon be available on the over-the-counter (OTC) share trading marketplace OTCQX Best Market.

Products Include 5 Major Cryptos Including BTC ETH

Dubbed as Grayscale Digital Large Cap Fund (DLC), the product includes five major cryptos including Bitcoin and Ether.

DLC is an open-ended fund that provides market cap-based exposure to the upper 70% of the digital currency asset class and now will be publicly traded under the symbol GDLCF.

GDLCF will be the first publicly-quoted security based on a basket of digital currencies in the United States.

As of Oct. 31, 2019, DLC included :

  • 80.6% of Bitcoin (BTC)
  • 9.2% of Ether (ETH)
  • 6.0% of XRP
  • 2.5% of Bitcoin Cash (BCH)
  • 1.7% of Litecoin (LTC).

The composition of DLC is evaluated on a quarterly basis and may also hold cash and assets arising as a result of a fork, airdrop, or similar event from time to time, Grayscale added.

ALSO READ :  Grayscale Investments Makes Bitcoin Cash And Litecoin Available On OTC Markets

Source: Grayscale | Cointelegraph | Image: Grayscale Investments


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