Grayscale Digital Large Cap Fund Becomes SEC Reporting Company As Grayscale Investments Files Registration Statements on Form 10 For Three Additional Products - Seite 2

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. As of the end of the day on July 9, 2021, the Fund Components were a basket of 67.49% Bitcoin (BTC), 25.35% Ethereum (ETH), 4.30% Cardano (ADA), 1.03% Bitcoin Cash (BCH), 0.96% Litecoin (LTC), and 0.87% Chainlink (LINK), and each share represented 0.00044894 Bitcoin (BTC), 0.00262915 Ethereum (ETH), 0.71030670 Cardano (ADA), 0.00046134 Bitcoin Cash (BCH), 0.00160667 Litecoin (LTC), and 0.01052450 Chainlink (LINK).

The new Form 10 filings are voluntary and are subject to SEC review. If any of the Registration Statements originally filed today become effective, it would designate the applicable product as an SEC reporting company and register its shares pursuant to Section 12(g) of the Exchange Act.*** This follows Grayscale Bitcoin Trust and Grayscale Ethereum Trust, which became the first two digital currency investment vehicles to become SEC reporting companies. This also comes as the Form 10 that Grayscale filed with the SEC on behalf of Grayscale Digital Large Cap Fund becomes effective today. 

If any of the Registration Statements originally filed today become effective, accredited investors who purchased shares in the applicable product’s private placement would have an earlier liquidity opportunity, as the holding period for the applicable private placement shares would be reduced from 12 months to 6 months under Rule 144 of the Securities Act.** 

The products are investment products that allow investors to more effectively implement strategic and tactical asset allocations that incorporate digital assets by using the products’ shares. The Trusts currently publish quarterly and annual reports as well as audited financial statements pursuant to the OTC Markets Alternative Reporting Standard (ARS). Should any of the Registration Statements become effective, the applicable product 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.