Grayscale Seeks SEC Reporting Status for Its Digital Large Cap Fund

·1-min read

Crypto asset manager Grayscale has filed for a third of its investment funds to be registered as a reporting company with the U.S. Securities and Exchange Commission (SEC).

In a Form 10 filing dated Thursday, Grayscale named its Digital Large Cap Fund, which aims to hold large-cap crypto assets together making up 70% of the digital asset market.
Once the SEC deems the registration effective, the trust will become subject to Regulation 13A under the Exchange Act.
That regulation brings regular reporting requirements, but can help attract more conservative investors.
The company’s bitcoin and ethereum trusts secured reporting company status in January and October 2020, respectively.
According to its latest update on Wednesday, Grayscale’s Large Cap Fund now has over $630 million in assets under management. The firm manages $53.1 billion in assets overall.
Grayscale Investments is owned by Digital Currency Group, CoinDesk’s parent company.

Also read: New York Giants Ink Sponsorship Deal With Grayscale in NFL First

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