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Grayscale Digital Large Cap Fund LLC (GDLCF)

Other OTC - Other OTC Delayed Price. Currency in USD
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6.15+0.31 (+5.22%)
As of 3:18PM EDT. Market open.
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Previous Close5.84
Open5.71
BidN/A x N/A
AskN/A x N/A
Day's Range5.25 - 6.20
52 Week Range5.25 - 6.20
Volume19,155
Avg. VolumeN/A
Net AssetsN/A
NAVN/A
PE Ratio (TTM)N/A
YieldN/A
YTD Daily Total ReturnN/A
Beta (5Y Monthly)N/A
Expense Ratio (net)N/A
Inception DateN/A
  • GlobeNewswire

    Grayscale Investments Secures More Than $1 Billion in New Investments in Q3

    Digital Currency Asset Manager Experiences Another Record-Breaking Quarter, Reflecting Demand for Digital Currency Asset ClassNew York, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Grayscale Investments®, the world’s largest digital currency asset manager, today released its 3Q20 Grayscale Digital Asset Investment Report, a comprehensive report that highlights investment activity across the Grayscale family of products.During the third quarter of 2020, Grayscale raised $1.05 billion into its investment products, marking the largest capital inflow in a single quarter in the firm’s history. Year-to-date investment into the Grayscale family of products has surpassed $2.4 billion, more than double the $1.2 billion cumulative inflow into the products from 2013-2019.Grayscale® Bitcoin Trust continued to lead investment demand, with inflows of $719.3 million in 3Q20. The Trust’s AUM has grown 147% YTD, making it one of the fastest growing investment products. Demand for other Grayscale products grew significantly in the third quarter as well, with investment into products excluding Grayscale Bitcoin Trust accounting for 31% of inflows during 3Q20. Among alternative products, the most notable increase in appetite has emerged for Grayscale® Bitcoin Cash Trust, Grayscale® Litecoin Trust, and Grayscale® Digital Large Cap Fund. On average, the aforementioned products saw inflows increase by more than 1,400% quarter-over-quarter.The majority of investment continued to come from institutional investors, accounting for 81% of investment in 3Q20. Additionally, investors continue to broaden their digital asset exposure, with 57% of investment coming from multi-product investors in 3Q20. To read the entire 3Q20 Grayscale Digital Asset Investment Report, visit: https://gryscl.co/33RIRkr.Grayscale's investment products are available to institutional and individual accredited investors through their respective periodic and ongoing private placements. 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), XRP, and Zcash (ZEC). Additionally, Grayscale’s diversified investment product, Grayscale Digital Large Cap Fund, provides exposure to the top digital currencies by market capitalization. As of September 30, 2020, Grayscale had approximately $5.9 billion in assets under management across its family of 10 products.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 (OTCM: 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 $5.9B in assets under management as of September 30, 2020. Through its family of 10 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. For more information, please visit www.grayscale.co and follow @Grayscale.  CONTACT: Press Contact press@grayscale.co

  • GlobeNewswire

    Grayscale Ethereum Trust Becomes SEC Reporting Company

    Form 10 Filing Goes Effective for Largest Ethereum Investment VehicleNew York, Oct. 12, 2020 (GLOBE NEWSWIRE) -- NEW YORK -- October 12, 2020 -- Grayscale Investments®, the world’s largest digital currency asset manager and sponsor of Grayscale® Ethereum Trust (OTCQX: ETHE) (the “Trust”), today announced that the Registration Statement on Form 10 that it filed with the Securities and Exchange Commission (“SEC”) on behalf of the Trust has become effective. The Trust is now an SEC reporting company with its shares registered pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).*The Trust is solely and passively invested in Ethereum. The shares of the Trust are designed to provide investors with a cost-effective and convenient way to gain investment exposure to ETH.** Now, the Trust is also the second digital currency investment vehicle to become an SEC reporting company, following Grayscale® Bitcoin Trust on January 21, 2020.Additionally, accredited investors who own or purchase shares from the Trust’s private placement now have an earlier liquidity opportunity, as the statutory holding period of shares purchased through the private placement will be reduced from 12 months to 6 months, provided the other requirements under Rule 144 of the Securities Act of 1933, as amended (the “Securities Act”), have been satisfied.***  The Trust will now file its quarterly and annual reports, including its financial statements, on Form 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.For more information, please refer to the Information Statement, the Form 10 filing, and Grayscale’s FAQ page.   *This voluntary filing should not be confused as an effort to classify Grayscale Ethereum Trust as an exchange traded fund (ETF). The structure of the Trust will not change and it will continue to not operate a redemption program nor trade on a national securities exchange.  **The Trust offers a private placement to accredited investors. The investment objective of the Trust is for the Shares (based on ETH per Share) to reflect the value of ETH held by the Trust, determined by reference to the Index Price (as defined in the Information Statement), less the Trust’s expenses and other liabilities. To date, the Trust has not met its investment objective and the Shares quoted on OTCQX have not reflected the value of ETH held by the Trust, less the Trust’s expenses and other liabilities, but have instead traded at a substantial premium over such value.***The holding period reduction would go effective after Grayscale Ethereum Trust 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 $5.9B in assets under management as of September 30, 2020. Through its family of 10 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 www.grayscale.co or follow us on Twitter, @Grayscale. CONTACT: press@grayscale.co

  • GlobeNewswire

    Grayscale Digital Large Cap Fund Announces Resumption of Private Placement

    New York, Aug. 31, 2020 (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 that the Fund will resume the private placement of its shares. The Fund’s private placement is offered on a periodic basis throughout the year and is currently available to accredited investors for daily subscription.* The 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 4:00pm NY-time.*** The Fund’s investment objective is for its shares (based on Fund Components per share) 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. Following a one-year holding period, shareholders who invest in the private placement may elect to sell their shares at prices dictated by the market under the symbol: GDLC. The Fund is an investment vehicle with shares titled in the investor’s 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. The private placement shares have not been registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws, and the shares are being offered pursuant to an exemption from registration provided by Rule 506(c) of Regulation D under the Securities Act and in reliance on similar exemptions under applicable state laws. An investment in the shares of the Fund is suitable only for sophisticated, well-informed investors, and investors will be required to represent that they are accredited investors as such term is defined in Rule 501(a) of Regulation D under the Securities Act. As a result, the shares are restricted shares and are subject to a one-year holding period in accordance with Rule 144 under the Securities Act. Because of the one-year holding period and the lack of an ongoing redemption program, shares should not be purchased by any investor who is not willing and able to bear the risk of investment and lack of liquidity for at least one year. No assurances are given that after the one-year holding period, there will be any market for the resale of shares, or, if there is such a market, as to the price at which such shares may be sold into such a market. Qualified investors should refer to the Fund’s private placement memorandum, which is available from Grayscale at info@grayscale.co, for a discussion of these and other risks. Grayscale's investment products are available to institutional and accredited investors through their respective periodic and ongoing private placements. In addition to the Fund, 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), XRP, and Zcash (ZEC). All 10 of its products are also currently available for daily subscription by accredited investors. For more information, please visit: https://grayscale.co/investors/. For real time visibility into the daily performance and composition of the Fund, please refer to the TradeBlock Grayscale Digital Large Cap Index (DLCX): https://tradeblock.com/markets/dlcx. *The Fund offers a private placement to accredited investors. The Fund does not currently operate a redemption program. **As of August 28, 2020, the Fund Components were a basket of 77.4% Bitcoin (BTC), 15.3% Ethereum (ETH), 4.2% XRP, 1.8% Bitcoin Cash (BCH), and 1.3% Litecoin (LTC) and each share represented 0.00047719 Bitcoin (BTC), 0.00275870 Ethereum (ETH), 1.10542512 XRP, 0.00048016 Bitcoin Cash (BCH), and 0.00155926 Litecoin (LTC). The Fund will 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. ***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.   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 $5.9B in assets under management as of August 28, 2020. Through its family of 10 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 www.grayscale.co and follow @Grayscale.  CONTACT: Marissa Arnold  press@grayscale.co   info@grayscale.co