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Seeking Alpha 2021-07-12 15:44:06

Grayscale files to register three more trusts with SEC after GDLC declared effective

Grayscale Investments' registration statement with the SEC for the Grayscale Digital Large Cap Fund ([[GDLC]] +2.2%) becomes effective and the company files for SEC registration of three more trusts.The digital currency asset manager files registration statements on Form 10 with the SEC on behalf of the Grayscale Bitcoin Cash Trust ([[BCHG]] -3.4%), Grayscale Ethereum Classic Trust ([[ETCG]] -4.5%), and Grayscale Litecoin Trust ([[LTCN]] +1.3%).With the GDLC registration declared effective, the fund will now file reports and financial statements as 10-Qs and 10-Ks with the SEC, along with current reports on Form 8-K. Additionally, accredited investors who purchased shares in the fund’s private placement will have an earlier liquidity opportunity, as the statutory holding period of private placement shares will be reduced to six months from 12 months.At the end of the day on July 9, GDLC components were a basket of 67.49% bitcoin (BTC-USD), 25.35% ethereum (ETH-USD), 4.30% Cardano (ADA-USD), 1.03%

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