Grayscale Seeks SEC Reporting Status for Its Digital Large Cap Fund
The crypto asset manager's bitcoin and ethereum trusts both achieved reporting status last year.
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/NMMXTD4JUJE6VIZHUMQMCG66K4.jpg)
Grayscale CEO Michael Sonnenshein
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.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.