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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.

May 13, 2021 at 12:21 p.m. UTC
Updated Sep 14, 2021 at 12:55 p.m. UTC

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.

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