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Trading to Commence for Grayscale Digital Large Cap Fund

Written by Customer Service on . Posted in Public Companies.

NEW YORK, Nov. 22, 2019 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital currency asset manager, today announced that Grayscale® Digital Large Cap Fund (DLC) has received DTC eligibility and eligible Shares will be available to trade on the OTCQX® Best Market, the top tier of marketplaces operated by OTC Markets Group, Inc., under the symbol: GDLCF. FUND CONSTRUCTION
DLC provides exposure to a diverse selection of digital currencies that meet Grayscale’s fund construction criteria through a market capitalization-weighted portfolio (Fund Components). As of October 31, 2019, DLC’s Fund Components were a basket of 80.6% Bitcoin (BTC), 9.2% Ethereum (ETH), 6.0% XRP, 2.5% Bitcoin Cash (BCH), and 1.7% Litecoin (LTC).Through a rules-based portfolio construction methodology, DLC targets coverage of the upper 70% of the digital currency market. The composition of DLC is evaluated on a quarterly basis** to remove existing Fund Components or to include new Fund Components in DLC’s portfolio, in accordance with DLC’s fund construction criteria established by Grayscale. DLC may also hold cash and assets arising as a result of a fork, airdrop, or similar event from time to time.*** GRAYSCALE PRODUCT FAMILY
Grayscale’s investment products are available to institutional and individual accredited investors through their respective periodic and ongoing private placements. In addition to its diversified offering, Grayscale’s single-asset investment products provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), XRP, and Zcash (ZEC). As of October 31, 2019, Grayscale managed approximately $2.6 billion in assets.*Because Grayscale Digital Large Cap Fund does not currently operate a redemption program, there can be no assurances that the value of the private placement Shares will approximate the value of the underlying assets held by DLC when traded on a secondary market, like OTCQX. As such, the Shares of the public quotation may trade at a substantial premium over, or substantial discount to, the value of the assets held by DLC.This press release is not an offer to sell or the solicitation of an offer to sell or buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.About Grayscale Investments®     
Grayscale Investments, LLC is the world’s largest digital currency asset manager. With a proven track record and unrivaled experience, we give investors the tools to make informed investing decisions in a burgeoning asset class. As part of Digital Currency Group, Grayscale accesses the world’s biggest network of industry intelligence to build better investment products. We have removed the barrier to entry so that institutions and individual investors can benefit from exposure to digital currencies. Now, forward-thinking investors can embrace a digital future with an institutional grade investment. Grayscale is headquartered in New York City. For more information on Grayscale, please visit www.grayscale.co or follow us on Twitter, @GrayscaleInvest.Marissa Arnold
press@grayscale.co

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