As reported on Giveaway: Free Bitcoin Investing Guide Ebook. How to double your cryptocurrency in less than 90 days (Worth $300)
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American digital asset management fund Grayscale Investments is soon launching its diversified cryptocurrency investment product for public trading. Dubbed Grayscale Digital Large Cap Fund (DLC), the product includes five major cryptos including Bitcoin (ETH) and Ether (ETH), and will soon be available to trade on the over-the-counter (OTC) share trading marketplace OTCQX Best Market, the firm announced Nov. 22.
Launched in 2018, DLC is an open-ended fund that provides market cap-based exposure to the upper 70% of the digital currency asset class. It will now be publicly traded under the symbol GDLCF.
As previously announced, GDLCF will purportedly be the first publicly-quoted security based on a basket of digital currencies in the United States. As of Oct. 31, 2019, DLC included 80.6% of Bitcoin, 9.2% of Ether, 6.0% of XRP, 2.5% of Bitcoin Cash (BCH), and 1.7% of Litecoin (LTC). The composition of DLC is evaluated on a quarterly basis and may also hold cash and assets arising as a result of a fork, airdrop, or similar event from time to time, Grayscale added.
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