BlocksInform
Crypto asset manager Grayscale has filed for a third of its investment funds to be registered as a reporting company with the Securities and Exchange Commission (SEC).
- In a Form 10 filing dated May 13, Grayscale names its Digital Large Cap Fund, which aims to hold large-cap crypto assets together making up 70% of the digital asset market.
- Once the SEC deems the registration effective, the trust will become subject to Regulation 13A under the Exchange Act.
- This brings regular reporting requirements, but can also help attract more conservative investors.
- The company's bitcoin and ethereum trusts secured reporting company status in January and October 2020, respectively.
- According to its latest update on Wednesday, Grayscale's Large Cap Fund now has assets under management (AUM) of over $630 million. All products combined, the firm manages $53.1 billion in AUM.
- Grayscale Investments is owned by Digital Currency Group, CoinDesk's parent company.
