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
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
GlobeNewswire
Grayscale Investments® Announces Exploration of New Investment Products
New potential products reflect company’s continued commitment to improving investment community’s access to digital currency asset classNew York, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Grayscale Investments®, the world’s largest digital currency asset manager, is announcing its consideration of several new digital assets for potential new product offerings. The firm, which currently offers accredited investors eight single-asset investment trusts and one diversified fund, continues to seek ways to better meet growing investor demand for exposure to digital assets through familiar, secure, and regulated investment products. The digital assets currently under consideration include: Aave (AAVE) Basic Attention Token (BAT) Cardano (ADA) Chainlink (LINK) Compound (COMP) Cosmos (ATOM) Decentraland (MANA) EOS (EOS) Filecoin (FIL) Flow (Dapper Labs) (FLOW) Livepeer (LPT) MakerDao (MKR) Monero (XMR) Numeraire (NMR) Polkadot (DOT) Reserve Rights (RSR) Stacks (STX) Sushiswap (SUSHI) Synthetix (SNX) Tezos (XTZ) The Graph (GRT) Uniswap (UNI) Yearn Finance (YFI) “We're eager to expand our product offerings to better serve our investors,” said Grayscale CEO Michael Sonnenshein. “The digital currency universe is constantly evolving and we seek to identify bold, interesting, and innovative opportunities that satisfy our investors’ demand for differentiated exposure to this burgeoning asset class.” “We may not turn each of these assets into one of our landmark investment products,” continued Sonnenshein. “But as a firm that has been on the vanguard of connecting the legacy financial system with the new, digital currency-driven financial system, we view it as our responsibility to introduce investors to more diversity in this space.” The process of creating an investment product structured similarly to those Grayscale already offers requires significant review and consideration, and is subject to substantial internal controls, sufficiently secure custody arrangements, and regulatory considerations. As such, there is no guarantee that assets named in the above list will receive a corresponding investment product. Any newly-created products from Grayscale will be announced separately upon launch. Investors can access Grayscale’s existing suite of products, as well as research, resources, and more, at grayscale.co. -- Grayscale’s 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 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. Additionally, secondary markets exist for six of Grayscale’s products as 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) and Grayscale® Digital Large Cap Fund (OTCQX: GDLC) are publicly-quoted and available to all individual and institutional investors on the OTCQX® Best Market and other OTC Markets.* *Each 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, less such Product’s expenses and other liabilities. Because each Product does not currently operate a redemption program, there can be no assurance that the value of such Product’s Shares will reflect the value of the assets held by such Product, less such Product’s expenses and other liabilities, and the Shares of such Product, if traded on any secondary market, may trade at a substantial premium over, or a substantial discount to, the value of the assets held by such Product, less such Product’s expenses and other liabilities, and such Product may be unable to meet its investment objective. 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 $39.1B in assets under management as of February 25, 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

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Grayscale® Digital Large Cap Fund Announces Rebalancing of Fund

Grayscale Investments® Launches Five New Investment Trusts

Grayscale Investments® Announces Exploration of New Investment Products

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