Grayscale to Launch Diversified Crypto Fund for Public Trading in Apparent 1st in US

American digital asset management fund Grayscale Investments is soon launching its diversified cryptocurrency investment product for public trading.

Dubbed Grayscale Digital Large Cap Fund, the product includes five major cryptos including Bitcoin and Ether, and will soon be available to trade on the over-the-counter share trading marketplace OTCQX Best Market, the firm announced Nov. 22.

It will now be publicly traded under the symbol GDLCF.GDLCF is the fourth publicly-traded investment product launched by Grayscale.

The composition of DLC is evaluated on a quarterly basis and may also hold cash and assets arising as a result of a fork, airdrop, or similar event from time to time, Grayscale added.

GDLCF would be the fourth publicly-quoted investment product launched by Grayscale so far.

The investment product follows the public trading launch of Grayscale Bitcoin Trust, Grayscale Ethereum Trust, and Grayscale Ethereum Classic Trust.

As Grayscale announced Nov. 22, its DLC product has received Depository Trust Company eligibility, after which it can launch GDLCF for public trading.

DLC is not registered with the U.S. Securities and Exchange Commission to date, as Grayscale claims that the fund is "Not subject to disclosure and certain other requirements mandated by U.S. securities laws."

Grayscale has filed with the SEC to become the first crypto fund to report to the regulator.

On Nov. 19, Grayscale Bitcoin Trust filed Form 10 to register its shares under the Exchange Act.