Grayscale Investments announced that it is effectively an SEC reporting company according to the Registration Statement on Form 10 that the company filed with the SEC. Grayscale Digital Large Cap Fund is the foremost diversified fund for investment in digital currency. It is now an SEC reporting company with its stock registered according to the Securities Exchange Act of 1934. The investment company has also filed three extra registration statements with the SEC on behalf of Grayscale Litecoin Trust, Grayscale Ethereum Classic Trust, and Grayscale Bitcoin Cash Trust. The company is already associated with two products of SEC reporting that include Grayscale Ethereum Trust and Grayscale Bitcoin Trust.
Grayscale’s primary objective is to provide every member of the investment community with greater disclosure and a higher level of reporting along with the guarantee of compliance of the products with strict obligations. The company maintains the highest standards for its products to offer the finest quality of investment service to the investors. Craig Salm, the VP of Legal at Grayscale Investments, said that becoming an SEC reporting company and the additional filing of the registration forms shall enhance the interest of the investors in the ever-expanding ecosystem of digital currencies while maintaining compliance with the prevalent regulatory framework.
Grayscale Digital Large Cap Fund of Grayscale Investments shall now file its financial statements and fiscal reports with the SEC. It will also maintain compliance with the provisions of the Exchange Act and file 8-K current reports with the SEC. Moreover, the accredited investors who buy shares in the private placement of the Grayscale Digital Large Cap Fund shall be able to take advantage of the early liquidity opportunities. These opportunities will be available due to the decrease in the statutory holding interval of private placement stock from a year to six months according to the Securities Act of 1933.