Grayscale Investments is a company which provides a digital asset management fund, and they are in preparations to launch a new investment product. The product will be Grayscale Digital Large Cap Fund, which is a product for diversified cryptocurrency investments. The DLC will be available for public trading on the OTCOX Best Market marketplace.
DLC started in 2018, and it will be the first security which includes a collection of digital currencies in the US to be publicly traded. Currently, the DLC is made up of the following digital currencies:
- Litecoin – 1.7%
- Bitcoin Cash – 2.5%
- XRP – 6%
- Ether – 9.2%
- Bitcoin – 80.6%
DLC will use the symbol GDLCF, and it will be the fourth in Grayscale investments to be traded publicly. Others include Grayscale Ethereum Trust (ETCG), Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE). The US Financial Industry Regulatory Authority (FINRA) approved the GDLCF in mid-October with the Depository Trust Company approving it in later November.