Grayscale has filed its 3rd Form 10 with the U.S. SEC [Securities and Exchange Commission] to convert one among its investment into an SEC-reporting company.
If approved, the GDLC will be obliged to file quarterly and annual financial reports additionally to other mandated documents stated within the Exchange Act. The move is additionally the primary step in making the GDLC into a publicly-traded asset since approval from the SEC would mean registration of the shares of the fund along with the commissions.
Launched earlier in 2019, GDLC has grown almost 300% and presently holds about $630.1 Mln under AUM [Assets under Management], consistent with data from the company’s website. GDLC is comprised of 5 crypto assets, namely Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], Litecoin [LTC], and Chainlink’s LINK.
Also earlier in January, Grayscale liquidated Ripple [XRP] from the market-cap-weighted GDLC fund amid SEC’s lawsuit against Ripple.