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Grayscale® Digital Large Cap Fund

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private placement is offered on a periodic basis throughout the year and is currently closed.
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$ 0 m
Assets Under Management
0 %
Trailing 12 months
0 %
Since Inception

Overview

Benchmark Index Benchmark Composition

Composite benchmark based on the weighted-average of the Digital Asset Reference Rates provided by Tradeblock, Inc. for each digital asset held by the Fund

CUSIP

G40705108

ISIN

US3896391055

Bloomberg

GDLC

Inception Date

02/01/2018

Annual Fee

2.5%

AUM

$345,262,226**‡

Shares Outstanding

15,837,800‡

DLC per share

--‡

Features

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Diversified exposure to large cap digital assets

Grayscale Digital Large Cap Fund allows investors to more effectively implement strategic and tactical asset allocations that incorporate digital assets by using the Fund's shares. The Fund seeks to hold large cap digital assets that collectively comprise 70% of the entire digital asset market.

Robust security and storage

Grayscale Digital Large Cap Fund’s assets are stored in offline or “cold” storage with Coinbase Custody Trust Company, LLC, as Custodian. The Custodian is a fiduciary under § 100 of the New York Banking Law and a qualified custodian for purposes of Rule 206(4)-2(d)(6) under the Investment Advisers Act of 1940, as amended.

Publicly quoted

Eligible shares of Grayscale Digital Large Cap Fund are quoted on OTCQX® under the symbol: GDLC, making it possible to buy or sell shares continuously through the trading day at prices established by the market.

Supported by a network of trusted service providers

Davis Polk & Wardwell LLP serves as legal counsel to the Manager of the Fund. Maples and Calder serves as Cayman counsel. Financial statements for the Fund are audited annually by Friedman LLP.

Eligible for tax-advantaged accounts

Shares of the Fund are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts.

Performance

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Market Price / Share *

At close as of 06/23/2021

$20.95

Day Change

0.047

Holdings / Share **

At close as of 06/23/2021

$21.8
$ 0

Day Change

0.0697

Market Price *

Returns (At close as of 06/23/2021)

1 Day

1 Month

3 Months

YTD

12 Months

Since Inception

0.047
-0.207
-0.3838
0.1009
1.9424
--

Holdings / Share **

Returns (At close as of 06/23/2021)

1 Day

1 Month

3 Months

YTD

12 Months

Since Inception

0.0697
-0.1808
-0.302
0.344
2.8246
1.18

Fund Components per Share‡
Bitcoin 71.4% 0.00046367 BTC
Ethereum 25.8% 0.00286085 ETH
Bitcoin Cash 1.0% 0.00046616 BCH
Litecoin 1.0% 0.00165410 LTC
Chainlink 0.8% 0.00968576 LINK

Past performance is not necessarily indicative of future results.

For NAV Per Share and AUM calculated in accordance with US GAAP Methodology, see here.

† To date, the Fund has not met its investment objective and the Shares quoted on OTCQX have not reflected the value of digital assets held by the Fund, less the Fund’s expenses and other liabilities, but instead have traded at both premiums and discounts to such value, with variations that have at times been substantial.

* Market Price per share reflects the closing price of Grayscale Digital Large Cap Fund’s shares shares at 4PM ET on OTCQX® under the symbol: GDLC as of the date indicated on https://www.otcmarkets.com/stock/GDLC/quote.

** Digital Asset Holdings per Share is calculated daily at 4pm ET, based on the 24-hour VWAPs of composite benchmark based on the weighted-average of the Digital Asset Reference Rates provided by Tradeblock, Inc. for each digital asset held by the Fund. For more information about how Digital Asset Holdings is calculated, please refer to the private placement memorandum.

‡ Since inception 2/1/2018; Symbol: GDLC quotation began 11/22/2019

Fund Components per Share‡
Bitcoin 71.4% 0.00046367 BTC
Ethereum 25.8% 0.00286085 ETH
Bitcoin Cash 1.0% 0.00046616 BCH
Litecoin 1.0% 0.00165410 LTC
Chainlink 0.8% 0.00968576 LINK

Past performance is not necessarily indicative of future results.

For NAV Per Share and AUM calculated in accordance with US GAAP Methodology, see here.

† To date, the Fund has not met its investment objective and the Shares quoted on OTCQX have not reflected the value of digital assets held by the Fund, less the Fund’s expenses and other liabilities, but instead have traded at both premiums and discounts to such value, with variations that have at times been substantial.

* Market Price per share reflects the closing price of Grayscale Digital Large Cap Fund’s shares shares at 4PM ET on OTCQX® under the symbol: GDLC as of the date indicated on https://www.otcmarkets.com/stock/GDLC/quote.

** Digital Asset Holdings per Share is calculated daily at 4pm ET, based on the 24-hour VWAPs of composite benchmark based on the weighted-average of the Digital Asset Reference Rates provided by Tradeblock, Inc. for each digital asset held by the Fund. For more information about how Digital Asset Holdings is calculated, please refer to the private placement memorandum.

‡ Since inception 2/1/2018; Symbol: GDLC quotation began 11/22/2019

Investment Terms

Investment Objective

Shares (based on Fund Components per Share as indicated below) track the aggregate value of each Fund Component market price, less fees and expenses.† Please consult with your financial professional.

Benchmark Index Benchmark Composition

Composite benchmark based on the weighted-average of the Digital Asset Reference Rates provided by Tradeblock, Inc. for each digital asset held by the Fund

Investor Qualifications

US3896391055

Minimum Investment Requirement

$50,000

Sponsor's Fee Manager's Fee

2.5% Annually

Extraordinary Expenses

The Fund may from time to time incur certain extraordinary expenses, which are payable by the Fund

Performance Fee

0

Assets Under Management

$345,262,226**‡

Subscriptions

Daily

DLC Holdings per Share ($)

Calculated and published on business days at 4:00pm New York time

Secondary Market Trading

Following a one-year holding period, shares are eligible to become unrestricted and resold in the secondary market, if any develops

Redemptions

Redemptions of shares are not currently authorized

IRA Eligibility & Other Self-Directed Accounts

Subscriptions can be made with IRA assets through Pacific Premier Trust, Millennium Trust,The Entrust Group and others

Per-share DLC Holdings

CUSIP

G40705108

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