Grayscale's Digital Large Cap Fund is now a reporting product to the US Securities and Exchange Commission, the company announced in a press release.
This is Grayscale's third reporting product in addition to Bitcoin Trust and Ethereum Trust. The company announced it has also filed three additional Registration Statements on Form 10 with the SEC on behalf of Bitcoin Cash Trust, Ethereum Classic Trust, and Grayscale Litecoin Trust.
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"We hold our products to a higher standard because this is what investors want and what we believe they deserve," said Craig Salm, Vice President of Legal at Grayscale Investments.
Salm is confident in continuation of investor interest in gaining exposure to the growing cryptocurrency ecosystem "within existing regulatory frameworks." In April this year, said it remains committed to converting Grayscale Bitcoin Trust (GBTC) into an exchange traded fund (ETF). However, the company emphasized the timing will be driven by the "regulatory environment."
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