Trading to Commence for Grayscale Digital Large Cap Fund
November 22, 2019 at 08:49 AM EST
NEW YORK, Nov. 22, 2019 (GLOBE NEWSWIRE) -- Grayscale Investments®, the world’s largest digital currency asset manager, today announced that Grayscale® Digital Large Cap Fund (DLC) has received DTC eligibility and eligible Shares will be available to trade on the OTCQX® Best Market, the top tier of marketplaces operated by OTC Markets Group, Inc., under the symbol: GDLCF.
Through a rules-based portfolio construction methodology, DLC targets coverage of the upper 70% of the digital currency market. The composition of DLC is evaluated on a quarterly basis** to remove existing Fund Components or to include new Fund Components in DLC's portfolio, in accordance with DLC’s fund construction criteria established by Grayscale. DLC may also hold cash and assets arising as a result of a fork, airdrop, or similar event from time to time.***
GRAYSCALE PRODUCT FAMILY
*Because Grayscale Digital Large Cap Fund does not currently operate a redemption program, there can be no assurances that the value of the private placement Shares will approximate the value of the underlying assets held by DLC when traded on a secondary market, like OTCQX. As such, the Shares of the public quotation may trade at a substantial premium over, or substantial discount to, the value of the assets held by DLC.
This press release is not an offer to sell or the solicitation of an offer to sell or 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®
Marissa Arnold email@example.com