Grayscale To Launch Diversified Large Cap Fund for Public Trading

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 :

  1. 80.6% of Bitcoin (BTC)

  2. 9.2% of Ether (ETH)

  3. 6.0% of XRP

  4. 2.5% of Bitcoin Cash (BCH)

  5. 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

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