Grayscale® Digital Large Cap Fund

Watchlist

Overview

The Fund’s shares are among the first securities solely invested in, and deriving value from, a basket of large cap digital assets in the form of a security while avoiding the challenges of buying, storing, and safekeeping those digital assets directly.

Benchmark Index Benchmark Composition

CoinDesk Large Cap Select Index (DLCS)

CUSIP

G40705108

ISIN

KYG407051088

Bloomberg

GDLC US

OTC

GDLC

Inception Date

02/01/2018

Annual Fee

2.5%

AUM

$247,056,482**‡

Shares Outstanding

15,867,400‡

Features

1 of

Publicly quoted

Eligible Shares 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.

Diversified exposure to large cap digital assets

Grayscale Digital Large Cap Fund (the “Fund”) is an investment vehicle that seeks to provide exposure to the largest and most liquid digital assets through a market cap-weighted portfolio designed to track the CoinDesk Large Cap Select Index (DLCS).

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.

SEC Reporting

The Trust is a U.S. Securities and Exchange Commission (SEC) reporting company with its shares registered pursuant to Section 12 (g) of the Securities Exchange Act of 1934. The Trust will file quarterly and annual reports as well as audited financial statements with the SEC.

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 Marcum 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.

Market Price / Share *

At close as of 03/27/2023

$6.46

Day Change

-0.0415

Holdings / Share **

At close as of 03/27/2023

$15.57

$ 0

Day Change

-0.0293

Market Price *

Returns (At close as of 03/27/2023)

1 Day

1 Month

3 Months

YTD

12 Months

Since Inception

-0.0415

0.0857

0.5756

0.6867

-0.7062

non field name for marketpriceitd

Fund Components per Share‡

^{At close as of 03/27/2023}

Bitcoin

0.00039509 BTC

68.65%

Ethereum

0.00251261 ETH

27.63%

Cardano

0.70832071 ADA

1.56%

Polygon

0.17934468 MATIC

1.20%

Solana

0.00752793 SOL

0.96%

Holdings / Share **

Returns (At close as of 03/27/2023)

1 Day

1 Month

3 Months

YTD

12 Months

Since Inception

-0.0293

0.1193

0.5416

0.5601

-0.4525

0.557

Past performance is not necessarily indicative of future results.

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

**Digital Asset Holdings per share is calculated daily at 4pm ET, based on the applicable CoinDesk Index or Reference Rate. If you would like to see how Holdings is calculated, please refer to the applicable Product’s disclosure language on OTC Markets or in its private placement memorandum.

*Products displayed with a Market Price per Share also maintain a public quotation on the OTC Marketplace. To date, these Products have not met their investment objective and the Shares of such Products quoted on OTCQX have not reflected the value of digital assets held by such Product, less such Product’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.

*Represents the Products’ Market Price per Share as quoted on the OTC Marketplace. For additional information, visit the OTC Markets website at www.otcmarkets.com.

‡ As of 3/27/2023

Past performance is not necessarily indicative of future results.

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

*Represents the Products’ Market Price per Share as quoted on the OTC Marketplace. For additional information, visit the OTC Markets website at www.otcmarkets.com.

‡ As of 3/27/2023

Investment Terms

Investment Objective

Shares are intended to reflect the value of the Fund Components as determined by reference to their respective Digital Asset Reference Rates and Fund Weightings, less fees and expenses

Benchmark Index Benchmark Composition

CoinDesk Large Cap Select Index (DLCS)

Investor Qualifications

Accredited Investor (Only Applies to Private Placements)

Minimum Investment Requirement

$50,000

Sponsor's Fee Manager's Fee

2.5% Annually

Extraordinary Expenses

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

Performance Fee

Assets Under Management

$247,056,482**‡

Subscriptions

Daily

Secondary Market Trading

Following a six month holding period, shares are eligible to become unrestricted and resold in the public market.

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, the Entrust Group, and others.

Per-share DLC Holdings

CUSIP

G40705108

Play Video

Documents

Gain a further understanding of our products by viewing our collection of downloadable materials.

Fact Sheet

View all prepared tax documents and SEC filings involving Grayscale products.

Holding Steady: The Rise of Stablecoins

In 1976, economist Friedrich Hayek wrote a paper titled “The Denationalization of Money,” where he argued that allowing private currencies to compete with each other would create a more stable monetary system. Hayek reasoned that, unlike technology, the organic evolution of money was interrupted by the emergence of government-controlled currencies, and that government intervention in the system has led to instability and inflation. Hayek imagined a world with a competitive market for private currencies, each backed by a variety of assets; a world where the value of each currency would be determined by supply and demand rather than the decisions of various sovereign entities.

Fundamental Value in Crypto Part III: dApp Ecosystems

In this part of our Tokenomics series, learn about how the more successful dApp models operate under the hood and possible crypto token valuations tied to these ecosystems.

Fundamental Value in Crypto Part II: Valuing Smart Contract Platforms

Smart contract platforms (SCPs) like Ethereum (ETH) are often referred to as distributed computers, whereas payment cryptocurrencies like Bitcoin – discussed in part one of our series – are simpler distributed ledgers. In this piece, we’ll break down the unique characteristics of smart contract platforms, discuss how their native tokens vary from traditional payment cryptocurrencies like Bitcoin, and propose a valuation framework by examining supply and demand factors.

Grayscale® Digital Large Cap Fund

Overview

Features

Publicly quoted

Diversified exposure to large cap digital assets

Robust security and storage

SEC Reporting

Supported by a network of trusted service providers

Eligible for tax-advantaged accounts

Performance

Market Price / Share *

Holdings / Share **

Investment Terms

Documents

Sign up and join the Grayscale community

Important Information​

Sign up and join the Grayscale community

All set! Thank you.

Am I eligible to invest in Grayscale’s private placement offerings?

Are you an Accredited Investor?

Country

Buy through your Brokerage Account

Symbol: GBAT

Buy through your Brokerage Account

Symbol: GBTC

Buy through your Brokerage Account

Symbol: BCHG

Buy through your Brokerage Account

Symbol: GLNK

Buy through your Brokerage Account

Symbol: MANA

Buy through your Brokerage Account

Symbol: ETHE

Buy through your Brokerage Account

Symbol: ETCG

Buy through your Brokerage Account

Symbol: FILG

Buy through your Brokerage Account

Symbol: HZEN

Buy through your Brokerage Account

Symbol: LTCN

Buy through your Brokerage Account

Symbol: GLIV

Buy through your Brokerage Account

Symbol: GXLM

Buy through your Brokerage Account

Buy through your Brokerage Account

Symbol: DEFG

Buy through your Brokerage Account

Symbol: GDLC

Good News! You qualify to invest in our private placements.

What is the size of the investment that you are currently considering?

Unfortunately, you do not qualify to be an investor in Grayscale's private placements.

Sign up and join the Grayscale community

Sign up and join the
Grayscale community

Important Information