RATE Group | Grayscale to launch publicly traded cryptocurrency fund
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Grayscale to launch publicly traded cryptocurrency fund

16 Oct Grayscale to launch publicly traded cryptocurrency fund

Posted at 05:27h in Cryptocurrency News by

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  • The company expands its offering with a new crypto-based index fund.
  • The fund will include top-five digital assets.

Grayscale Investments obtained permission from the Financial Institutions Regulatory Agency (FINRA) to launch a cryptocurrency-based publicly traded index fund.

The securities of the Digital Large Cap Fund (DLC) will be traded on the OTC market under the ticker symbol GDLCF, according to the press release, published by the company.

DLC will become the fourth publicly traded Grayscale product, with the Bitcoin Trust (GBTC), Ethereum Trust (ETHE) and Ethereum Classic Trust (ETCG) previously launched. In the future, Grayscale intends to launch all its products on an over-the-counter stock trading system and thus make them available to accredited investors.

“The bitcoin trust is one of the most liquid securities on OTCQX market daily. To our knowledge, this is the first diversified digital currency offering going on the U.S. public market,”…

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