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