Grayscale Investments will be the first to launch a diversified crypto fund to be publicly traded. The American digital asset management fund will be launching soon their new investment product for public trading soon.

They’ve named it Grayscale Digital Large Cap Fund (DLC), and will include five major cryptocurrencies including Bitcoin (BTC) and Ether (ETH). The firm has confirmed on November 22nd that the DLC fund will soon be available to trade on the over-the-counter (OTC) share trading marketplace OTCQX Best Market.

Launched back in 2018, the Grayscale DLC is a fund that provides exposure by market-cap to the top 70% of the digital currency assets. It will be traded publicly under the symbol GDLCF.

GDLCF will be the fourth publicly-traded investment product Grayscale have launched

As mentioned before, GDLCF will be the first publicly-quoted security, based on a basket of digital currencies in the United States. As of October 31st, 2019, the components of Grayscale’s DLC included: 80.6% of Bitcoin (BTC), 9.2% of Ether (ETH), 6.0% of XRP, 2.5% of Bitcoin Cash (BCH), and 1.7% of Litecoin (LTC). The DLC is evaluated on a quarterly basis and may also hold cash and assets due to a result of a fork, airdrop, or other events from time to time.

Who are Grayscale?

Grayscale believe investors deserve an established, trusted, and accountable partner that can help them navigate digital currency investing. That’s why we are building transparent, familiar investment products that facilitate access to this burgeoning asset class, and provide the springboard to investing in the new digital currency-powered “internet of money.”