After GBTC and ETHE, Grayscale’s Digital Large Cap Fund (GDCL) to Have A 6-Month Locking Period
The world's largest digital asset manager, Grayscale Investments, announced on Monday that its Digital Large Cap Fund (GDLC) has now become an SEC reporting company, starting today.
The manager also filed three additional registration statements on Form 10 with the SEC on behalf of Grayscale Bitcoin Cash Trust (BCHG), Grayscale Ethereum Classic Trust (ETCG), and Grayscale Litecoin Trust (LTCN), which will make them SEC reporting companies on approval.
Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) are already SEC reporting companies, according to which, investors who purchased shares in the Fund’s private placement have an “earlier liquidity opportunity,” i.e., 6 months from the previous 12 months.
Becoming an SEC reporting company also means Grayscale has to file reports and financial statements with the agency.
According to Grayscale, this is “another milestone” reinforcing its commitment to launching digital currency exchange-traded funds (ETFs).