Grayscale’s diversified crypto fund becomes SEC reporting company

Grayscale Investments, a cryptocurrency asset management company, continues to strengthen its commitment to digital currency investment products through new documents submitted to the U.S. Securities and Exchange Commission (SEC).

the company Announce On Monday, it submitted a Form 10 registration statement 10 to the US Securities and Exchange Commission on behalf of its Grayscale Digital Large Cap Fund (GDLC) to become a reporting company for the US Securities and Exchange Commission.

Grayscale’s diversified digital currency investment fund will now submit 10-Qs and 10-Ks reports and financial statements to the US Securities and Exchange Commission, as well as the current report on Form 8-K, in addition to “compliance with all other obligations under the Exchange Act” , The company said.

In addition, according to Article 144 of the Securities Law, qualified investors who purchase stocks in the private placement of funds will have earlier liquidity opportunities, because the holding period of applicable private equity stocks will be shortened from 12 months to 6 month.

Grayscale also announced that it has publicly filed three additional Form 10 registration statements with the US Securities and Exchange Commission on behalf of other funds, including Grayscale Bitcoin Cash Trust, Grayscale Ethereum Classic Trust, and Grayscale Litecoin Trust. The company pointed out that the company already has two SEC reporting products, including Grayscale Bitcoin Trust and Grayscale Ethereum Trust. Grayscale added that the new Form 10 documents are submitted voluntarily and subject to review by the SEC.

related: According to the SEC, Morgan Stanley Equity Fund owns 28,200 shares of Grayscale Bitcoin Trust

Craig Salm, Grayscale’s vice president of law, pointed out that the company’s newly filed US Securities and Exchange Commission documents show that “investors are still interested in accessing the growing digital currency ecosystem within the existing regulatory framework, and regulators continue to interact with the asset market. Participants contact the class.”

Launched in 2018, GDLC is an open-end fund that provides exposure based on market value Six major cryptocurrencies Including Bitcoin (Bitcoin), ether (Ethereum), Cardano (Have), Bitcoin Cash (Bitcoin cash), Litecoin (LTC) And Chainlink (LINK). As of July 1, each share of the GDLC basket includes 67.47% of Bitcoin, 25.39% of Ether, and 4.26% of ADA.