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.
- 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.
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