Grayscale Digital® Large Cap Fund Files Form 10 with SEC

 New York, May 13, 2021 (GLOBE NEWSWIRE) -- Grayscale Investments®, the world’s largest digital currency asset manager and manager of Grayscale® Digital Large Cap Fund (OTCQX: GDLC), today announced that it has publicly filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) on behalf of Grayscale Digital Large Cap Fund.*

This is a voluntary filing that is subject to SEC review. If the Registration Statement becomes effective, it would designate the Fund as an SEC reporting company and register its shares pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the Exchange Act).** It would also designate the Fund as Grayscale’s third digital currency investment vehicle to become an SEC reporting company, following Grayscale® Bitcoin Trust as the first and the Grayscale® Ethereum Trust as the second in the U.S. 

Additionally, if the Registration Statement become effective, accredited investors who purchased shares in the Fund’s private placement would have an earlier liquidity opportunity, as the statutory holding period of private placement shares would be reduced from 12 months to 6 months under Rule 144 of the Securities Act of 1933, as amended (the Securities Act).***

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