Invest in a new kind of large cap:
Grayscale® Digital Large Cap Fund
The first publicly traded product that offers you diversified exposure to large cap digital currencies, all from your brokerage account.
Grayscale® Digital Large Cap Fund (GDLC) offers you diversified access to the upper 70% of the digital currency market — all through a single investment product.
To get started, simply type in symbol: GDLC into your brokerage account and start investing today!
Grayscale Investments, LLC is a digital currency asset manager and the manager of Grayscale Digital Large Cap Fund (“GDLC”). Investments in GDLC are speculative investments that involve high degrees of risk, including loss of invested funds. Grayscale products are not suitable for any investor that cannot afford loss of the entire investment. To date, GDLC has not met its investment objective and the Shares quoted on OTCQX have not reflected the value of Fund Components held by GDLC, less GDLC’s expenses and other liabilities, but have instead traded at a substantial premium over such value. Go to OTCMarkets.com/stock/GDLC or our website Grayscale.co for the annual report, which includes investment objectives, risks, fees and expenses, or Grayscale.co for more information on Grayscale and our other investment vehicles. Read these materials carefully before investing. This content is not intended to be a solicitation for the creation of new Shares.
GDLC provides investors with:
- Diversified access and exposure to large cap digital assets without the challenges of buying, storing, and safekeeping those assets directly
- An easy way to introduce Bitcoin, Ethereum, Bitcoin Cash, and Litecoin into your portfolio from a single ticker symbol: GDLC, in the same way you’d access other investment products
- Institutional-quality investment accessed through your brokerage account, supported by a network of trusted service providers
- Quarterly rebalancing‡ so that you can invest in GDLC while always maintaining exposure to the largest digital currencies
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Composition & Performance
At close as of 03/05/2021
At close as of 03/05/2021
Past performance is not necessarily indicative of future results.
* Market Price per share reflects the closing price of Grayscale Digital Large Cap Fund’s shares shares at 4PM ET on OTCQX® under the symbol: GDLC as of the date indicated on http://www.otcmarkets.com/stock/GDLC/quote.
** Digital Asset Holdings per Share is calculated daily at 4pm ET, based on the 24-hour VWAPs of TradeBlock’s XBX, ETX, BCX, and LTX Indices. For more information about how Digital Asset Holdings is calculated, please refer to the private placement memorandum.
Inception date is 2/1/2018; Symbol: GDLC quotation began 11/22/2019
Frequently Asked Questions
What is Grayscale® Digital Large Cap Fund?
Grayscale Digital Large Cap Fund (GDLC) is a diversified investment product that provides investors with access to the upper 70% of the digital currency market. Through GDLC, investors get exposure to a market cap weighted portfolio of Bitcoin, Ethereum, Bitcoin Cash, and Litecoin through a single security.‡‡ The Fund’s holdings are reviewed on a quarterly basis.‡ Read more here.
How do I know if investing in GDLC is right for me?
Digital currencies may provide diversification and non-correlation benefits. With the right-sized allocation, digital currency risks may be mitigated relative to potential gains, potentially providing returns while also helping to strengthen an investor’s overall risk/return profile.
What are the benefits of adding digital currencies to my portfolio?
Digital currencies possess many unique qualities. Because digital currencies are borderless, fungible, and accessible, they may be a great way to diversify your portfolio. Additionally, because of these unique qualities, digital currencies have historically been uncorrelated with other more traditional asset classes, such as stocks and bonds. In a market environment with geopolitical uncertainty and volatility, investors may benefit from a non-correlated asset class.
What are the risks?
As with any investment, investors must carefully evaluate the potential risks and rewards associated with GDLC. Investments in GDLC are speculative investments that involve high degrees of risk, including loss of invested funds. Grayscale products are not suitable for any investor that cannot afford loss of the entire investment. Investors considering an investment in GDLC should carefully read the Annual Report, which includes investment objectives, risks, fees and expenses and can be found here. Because GDLC does not currently operate a redemption program, there can be no assurance that the value of the shares will approximate the value of Fund Components held by GDLC, less GDLC’s expenses and other liabilities, and the shares may trade at a substantial premium over, or a substantial discount to, the value of the Fund Components held by GDLC, less GDLC’s expenses and other liabilities.
What is the benefit of investing in GDLC vs buying the coins themselves?
Buying and holding coins directly means you must set up a digital wallet where you manually buy and store your digital assets. GDLC offers investors an easy way to gain digital currency exposure without the time and effort of storing and safekeeping these coins. Just as with any other retail investment, investors may quickly and easily buy and sell shares of GDLC versus the time it may require to manage coins.
Does Grayscale offer other investment products?
Each of Grayscale’s products allow investors to gain exposure to digital assets they are most interested in — for example Grayscale Bitcoin Trust provides investors access to bitcoin. For investors who may want diversified coverage across multiple currencies, GDLC offers an easy way to access the upper 70% of the digital currency market from a single product.
What is Grayscale?
Grayscale Investments is the world’s largest digital currency asset manager. With approximately $27.7B AUM,‡‡‡ Grayscale provides opportunities for investors to gain exposure to digital currencies. Grayscale’s investment products are available to institutional and accredited individual investors through their respective private placements. Grayscale’s single-asset investment products provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), and Zcash (ZEC). Grayscale’s diversified investment vehicle, Grayscale Digital Large Cap Fund, provides exposure to the top digital currencies by market capitalization. Additionally, Grayscale® Bitcoin Trust (OTCQX: GBTC), Grayscale® Bitcoin Cash Trust (OTCQX: BCHG), Grayscale® Ethereum Trust (OTCQX: ETHE), Grayscale® Ethereum Classic Trust (OTCQX: ETCG), Grayscale® Litecoin Trust (OTCQX: LTCN), and Grayscale® Digital Large Cap Fund (OTCQX: GDLC) are publicly-quoted and available to all individual and institutional investors.
*The private placement for Grayscale Digital Large Cap Fund is currently closed.
How do I invest?
Simply type in symbol: GDLC into your brokerage account and start trading today!