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Grayscale Ethereum Classic Trust (ETC) (ETCG)

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Previous Close54.90
Open48.02
Bid0.00 x 0
Ask0.00 x 0
Day's Range41.60 - 54.86
52 Week Range4.67 - 96.00
Volume1,233,218
Avg. Volume706,939
Market CapN/A
Beta (5Y Monthly)N/A
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  • Grayscale Digital® Large Cap Fund Files Form 10 with SEC
    GlobeNewswire

    Grayscale Digital® Large Cap Fund Files Form 10 with SEC

    New York, May 13, 2021 (GLOBE NEWSWIRE) -- Grayscale Investments®, the world’s largest digital currency asset manager and manager of Grayscale® Digital Large Cap Fund (OTCQX: GDLC), today announced that it has publicly filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) on behalf of Grayscale Digital Large Cap Fund.* This is a voluntary filing that is subject to SEC review. If the Registration Statement becomes effective, it would designate the Fund as an SEC reporting company and register its shares pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the Exchange Act).** It would also designate the Fund as Grayscale’s third digital currency investment vehicle to become an SEC reporting company, following Grayscale® Bitcoin Trust as the first and the Grayscale® Ethereum Trust as the second in the U.S. Additionally, if the Registration Statement become effective, accredited investors who purchased shares in the Fund’s private placement would have an earlier liquidity opportunity, as the statutory holding period of private placement shares would be reduced from 12 months to 6 months under Rule 144 of the Securities Act of 1933, as amended (the Securities Act).*** The Fund currently publishes quarterly and annual reports as well as audited financial statements pursuant to the OTC Markets Alternative Reporting Standard (ARS). Should the Registration Statement become effective, the Fund would file these reports and financial statements as 10-Qs and 10-Ks with the SEC, along with current reports on Form 8-K, in addition to complying with all other obligations under the Exchange Act. The Fund is an investment product that allows investors to more effectively implement strategic and tactical asset allocations that incorporate digital assets by using the Fund’s shares. This action reflects Grayscale’s commitment to move Grayscale Digital Large Cap Fund forward through the product pipeline described in a recent blog post about Grayscale’s roadmap to launching digital currency ETFs. For more information, please refer to the Form 10 filing and the Information Statement as well as the FAQ page. *The Fund offers a private placement to accredited investors. To date, the Fund has not met its investment objective and the shares quoted on OTCQX have not reflected the value of digital assets held by the Fund, less the Fund’s expenses and other liabilities, but have instead traded at a premium over such value, which at times has been substantial. **This voluntary filing should not be confused as an effort to classify Grayscale Digital Large Cap Fund as an exchange traded fund (ETF). The structure of the Fund will not change and it will continue to not operate a redemption program nor trade on a national securities exchange. ***The holding period reduction would go effective after Grayscale Digital Large Cap Fund has been a reporting company for at least 90 days and has satisfied the other requirements under Rule 144 of the Securities Act. This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About Grayscale Investments® Grayscale Investments is the world’s largest digital currency asset manager, with more than $53B in assets under management as of May 12, 2021. Through its family of investment products, Grayscale provides access and exposure to the digital currency asset class in the form of a security without the challenges of buying, storing, and safekeeping digital currencies directly. With a proven track record and unrivaled experience, Grayscale’s products operate within existing regulatory frameworks, creating secure and compliant exposure for investors. Grayscale products are distributed by Genesis Global Trading, Inc. (Member FINRA/SIPC, MSRB Registered). For more information, please visit grayscale.com and follow @Grayscale. CONTACT: press@grayscale.co

  • Grayscale® Digital Large Cap Fund Announces Rebalancing of Fund
    GlobeNewswire

    Grayscale® Digital Large Cap Fund Announces Rebalancing of Fund

    Chainlink (LINK) has been added to the Fund’s PortfolioNew York, April 06, 2021 (GLOBE NEWSWIRE) -- Grayscale Investments®, the world’s largest digital currency asset manager and manager of Grayscale® Digital Large Cap Fund (OTCQX: GDLC) (the Fund), today announced the updated Fund Component weightings for the Fund in connection with its quarterly review. Grayscale has adjusted the Fund’s portfolio by selling the existing Fund Components in proportion to their respective weightings and using the cash proceeds to purchase Chainlink (LINK) in accordance with the Fund's construction criteria. This announcement follows the recent launch of Grayscale® Chainlink Trust, a single-asset investment product offering investors exposure to the price movement of the LINK token. Chainlink is a decentralized data routing protocol that is built on Ethereum. Through a wide network of nodes, Chainlink facilitates the transfer of data from off-chain sources to on-chain applications, in what is commonly referred to as an oracle service. The LINK token is the native token of Chainlink and is used to incentivize Chainlink node operators to provide oracle services. For investors who wish to learn more about Chainlink, Grayscale also recently published an introduction to the digital currency, available here. As of the end of the day on April 2, 2021, the Fund Components were a basket of 79.8% Bitcoin (BTC), 17.5% Ethereum (ETH), 0.80% Bitcoin Cash (BCH), 1.00% Litecoin and 0.90% Chainlink (LINK) and each Share represented 0.00046619 Bitcoin (BTC), 0.00287637 Ethereum (ETH), 0.00046869 Bitcoin Cash (BCH), 0.00166308 Litecoin and 0.00973831 Chainlink (LINK). The Fund does not generate any income and regularly distributes Fund Components to pay for its ongoing expenses. Therefore, the amount of Fund Components represented by each Share gradually decreases over time. About Grayscale® Digital Large Cap FundGrayscale Digital Large Cap Fund enables investors to gain exposure to a market-cap weighted portfolio of large-cap digital currencies through a singular investment vehicle without the challenges of buying, storing, and safekeeping digital currencies directly. Through a rules-based portfolio construction methodology, the Fund targets coverage of the upper 70% of the digital currency market and is re-evaluated each quarter; however, the weightings of each Fund Component change daily and are published around 4:00 p.m. NY-time.* Investors can obtain real time visibility into the daily performance and composition of the Fund through the TradeBlock Grayscale Digital Large Cap Index (DLCX): https://tradeblock.com/markets/dlcx. The Fund's investment objective is for its Shares to reflect the value of Fund Components held by the Fund, less its expenses and other liabilities. To date, the Fund has not met its investment objective and the Shares quoted on OTCQX have not reflected the value of Fund Components held by the Fund less, the Fund's expenses and other liabilities, but have instead traded at a substantial premium over such value. The Fund is an investment vehicle with Shares titled in the investors name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws. Additionally, Shares are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts. For more information, please visit: https://grayscale.co/investors/. Grayscale is issuing this release in accordance with the disclosure obligations of OTCQX®. The Fund’s Annual Report and other disclosures, published to satisfy the Alternative Reporting Standard disclosure guidelines for OTCQX, are available at https://www.otcmarkets.com/stock/GDLC/disclosure. *The composition of the Fund is evaluated on a quarterly basis to remove existing Fund Components or to include new Fund Components in its portfolio, in accordance with the Fund's Construction Criteria established by Grayscale. Additional information about the Fund’s Construction Criteria can be found in the annual report available at https://backend.otcmarkets.com/otcapi/company/financial-report/258607/content. This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About Grayscale Investments® Grayscale Investments is the world's largest digital currency asset manager, with more than $46B in assets under management as of April 5, 2021. Through its family of 14 investment products, Grayscale provides access and exposure to the digital currency asset class in the form of a security without the challenges of buying, storing, and safekeeping digital currencies directly. With a proven track record and unrivaled experience, Grayscale's products operate within existing regulatory frameworks, creating secure and compliant exposure for investors. For more information, please visit grayscale.co or follow us on Twitter, @Grayscale. CONTACT: press@grayscale.co

  • Grayscale Investments® Launches Five New Investment Trusts
    GlobeNewswire

    Grayscale Investments® Launches Five New Investment Trusts

    New offerings reflect growing global demand for digital currency investment productsNew York, March 17, 2021 (GLOBE NEWSWIRE) -- Grayscale Investments®, the world’s largest digital currency asset manager, today announced the launch of five new digital currency investment trusts, bringing its total number of investment products to 14. The new trusts are: Grayscale® Basic Attention Token Trust Grayscale® Chainlink Trust Grayscale® Decentraland Trust Grayscale® Filecoin Trust Grayscale® Livepeer Trust “Digital currencies have reached an inflection point. Investor demand has never been higher, and every day we’re seeing new entrants to what has surely become a bona fide asset class,” said Grayscale CEO Michael Sonnenshein. “Grayscale has long been the leader in creating novel pathways for investors to access the opportunities that digital currencies may offer, and this announcement carries on that tradition. We look forward to working with our global investor base, our growing team, and regulators to continue to move this industry forward.” The new trusts are now open for daily subscription by eligible individual and institutional accredited investors. The trusts function the same as Grayscale’s other single-asset investment trusts. Each of the trusts are among the first investment products solely invested in the digital currencies underpinning Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL), and Livepeer (LPT). Grayscale’s other single-asset investment products provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), and Zcash (ZEC). Additionally, Grayscale’s diversified investment product, Grayscale® Digital Large Cap Fund, provides exposure to the top digital currencies by market capitalization. Grayscale's investment products are available to institutional and individual accredited investors through their respective periodic and ongoing private placements. Certain Grayscale products are publicly-traded on OTC Markets, including OTCQX® 1. Shares of these products that have become unrestricted in accordance with the rules and regulations of the SEC and may be bought and sold throughout the day via any brokerage account. These products include: Grayscale® Bitcoin Trust (OTCQX: GBTC) Grayscale® Bitcoin Cash Trust (OTCQX: BCHG) Grayscale® Ethereum Trust (OTCQX: ETHE) Grayscale® Ethereum Classic Trust (OTCQX: ETCG) Grayscale® Litecoin Trust (OTCQX: LTCN) Grayscale® Digital Large Cap Fund (OTCQX: GDLC) As is the case for these products, Grayscale intends to attempt to have Shares of new products quoted on a secondary market as well. However there is no guarantee that we will be successful. Although the shares of certain products have been approved for trading on a secondary market, investors in the new products should not assume that the Shares will ever obtain such an approval due to a variety of factors, including questions regulators such as the SEC, FINRA or other regulatory bodies may have regarding such products. As a result, shareholders of such products should be prepared to bear the risk of investment in the Shares indefinitely. This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. 1Each product offers a private placement to accredited investors. The investment objective of each product is for its Shares (based on digital assets per Share) to reflect the value of digital assets held by such product, determined by reference to the applicable TradeBlock index price or reference rate, less such product’s expenses and other liabilities. To date, certain products have not met their investment objective and the Shares of such products quoted on OTCQX have not reflected the value of the digital assets held by such products, less such products’ expenses and other liabilities, but have instead traded at a premium over such value, which at times has been substantial. Recently, there have also been limited instances where the Shares of certain products have traded at a discount. About Grayscale Investments® Grayscale Investments is the world’s largest digital currency asset manager, with more than $42.9B in assets under management as of March 16, 2021. Through its family of investment products, Grayscale provides access and exposure to the digital currency asset class in the form of a traditional security without the challenges of buying, storing, and safekeeping digital currencies directly. With a proven track record and unrivaled experience, Grayscale’s products operate within existing regulatory frameworks, creating secure and compliant exposure for investors. Grayscale products are distributed by Genesis Global Trading, Inc. (Member FINRA/SIPC, MSRB Registered). For more information, please visit grayscale.co and follow @Grayscale. CONTACT: press@grayscale.co