Grayscale’s Digital Large Cap Fund ($GDLC) has become an SEC reporting company making it more attractive for regulatory-focused institutional investors. Grayscale filed for the Registration Statement on Form 10 with the SEC to obtain the regulatory clearance. The digital asset management firm also revealed that they have filed three additional Registration Statements for its Bitcoin Cash (BCH) Trust, Litecoin (LTC) Trust, and Ethereum Classic (ETC) Trust.
The approval of Grayscale Digital Large Cap fun makes it the third SEC reporting product for the digital asset management firm. The $GDLC fund comprises Bitcoin, Ethereum, Cardano, Chainlink, Bitcoin Cash, and Litecoin.
The digital large-cap fund would now allow institutional investors to liquidate their shares in the fund on the retail market in 6 months rather than 12 months. The new regulatory approval would also see Grayscale filing standard quarterly and annual reports known as 10-Qs and 10-Ks.
The post Breaking: Grayscale’s $GDLC Fund is now an SEC Reporting Company appeared first on Coingape.
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