Grayscale Lists Its Digital Large Cap Fund as an SEC-Reporting Product
Login

Grayscale Lists Its Digital Large Cap Fund as an SEC-Reporting Product

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:


After filing the Bitcoin and Ethereum Trusts, Grayscale, the world’s largest cryptocurrency asset manager, has successfully listed its Digital Large Cap Fund with the SEC as a reporting product. The behemoth digital asset manager has also filed three other Registration Statements with the regulatory body.

The investment company filed a Registration Statement on Form 10 with the US Securities and Exchange Commission (SEC) earlier this year.

Grayscale announced the later development by early Monday, noting that the application has scaled approval and is already effective. This development means that the “first diversified digital currency investment fund” now has its shares registered under Section 12(g) of the Securities Exchange Act of 1934.

Speaking on the matter, Grayscale Vice President of Legal Craig Salm noted that:

“Grayscale aims to provide the investment community with a higher level of disclosure and reporting on top of the already stringent obligations to which our products adhere. We hold our products to a higher standard because this is what investors want and what we believe they deserve.”

Grayscale Currently has Three SEC-Reporting Products and Three Others On the Way

Meanwhile, the company has filed three more similar registrations with the SEC on representing the Bitcoin Cash Trust, the Ethereum Classic Trust, and the Litecoin Trust. That said, Grayscale currently has three products reporting to the SEC. Apart from the latest addition, the Digital Large Cap Fund, the other two SEC-reporting products track the performance of the largest cryptocurrencies; Bitcoin (BTC) and Ethereum (ETH).

Notably, the Form 10 filing is voluntary and is subject to review and scrutiny by the Securities and Exchange Commission.

After an explosive 2020 to early 2021 performance, Grayscale has recorded a drop in demand for its products. According to recent data, the firm’s total assets under management fell below $30 billion due to the debilitating market crash.

 

You can purchase crypto coins here: Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News