Grayscale Digital Large Cap Fund LLC

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Bitcoin Investment Trust is an open-ended investment fund.

GDLC has appreciated over 100% since my last 'buy' call in September, but the NAV discount has significantly narrowed from 39% to 17%. The fund's high 2.5% expense ratio and lack of staking for certain assets present long-term investment concerns despite recent gains. My 'fair value' framework now shows a 10% adjusted discount, making the trade less compelling than before, though still viable.

GDLC: Achievement Unlocked (Again)

STAMFORD, Conn., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Grayscale Investments®, an asset management firm with expertise in crypto investing offering more than 25 crypto investment products, today announced that NYSE Arca, Inc.'s (“NYSE Arca”) Form 19b-4 proposing to list and trade shares of Grayscale Digital Large Cap Fund (OTCQX: GDLC) as an Exchange-Traded Product (ETP) has been published in the Federal Register (link), formally initiating the review process which can take up to 240 days.

Grayscale® Digital Large Cap Fund (Ticker: GDLC) Application to Uplist as Exchange-Traded Product Now Published in Federal Register

NYSE Arca, a leading securities exchange, has petitioned US regulators for approval to list an exchange-traded fund (ETF) based on the Grayscale Digital Large Cap Fund.

NYSE Arca aims to bring Grayscale Digital Large Cap Fund ETF to the market

STAMFORD, Conn., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Grayscale Investments®, an asset management firm with expertise in crypto investing, offering more than 20 crypto investment products, and manager of Grayscale® Decentralized AI Fund (AI Fund), Grayscale® Decentralized Finance (DeFi) Fund (OTCQB: DEFG) (DeFi Fund), Grayscale® Digital Large Cap Fund (OTCQX: GDLC) (Digital Large Cap Fund), and Grayscale® Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund), today announced the updated Fund Component weightings for each product in connection with their respective third quarter 2024 reviews.

Grayscale Investments® Announces Rebalancing of Multi-Asset Funds for Third Quarter 2024

GDLC: Crypto's Deep Value Play

Grayscale Digital Large Cap Fund ETF trades at a significant discount to its NAV, primarily due to its closed-end fund structure lacking an arbitrage mechanism. I believe the inclusion of cryptocurrencies like XRP and AVAX makes an ETF conversion unlikely, reducing chances of closing the NAV discount (barring exotic trades). The high expense ratio and concentrated holdings in BTC and ETH make the GDLC closed-end fund less appealing compared to direct investments in these assets or low-cost ETFs.

GDLC And Its Elusive NAV Discount: What Investors Need To Know

STAMFORD, Conn., July 05, 2024 (GLOBE NEWSWIRE) -- Grayscale Investments®, the world's largest crypto asset manager*, and manager of Grayscale® Digital Large Cap Fund (OTCQX: GDLC) (Digital Large Cap Fund), Grayscale® DeFi Fund (OTCQB: DEFG) (DeFi Fund), and Grayscale® Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund), today announced the updated Fund Component weightings for each product in connection with their respective second quarter 2024 reviews.

Grayscale® Digital Large Cap Fund, Grayscale® DeFi Fund, and Grayscale® Smart Contract Platform Ex-Ethereum Fund Announce Rebalancing of Funds for Second Quarter 2024

Bitwise Crypto Innovators ETF

Valkyrie Bitcoin Strategy ETF

First Trust SkyBridge Crypto Industry and Digital Economy ETF

Grayscale Bitcoin Trust

The cryptocurrency market has experienced remarkable growth, rewarding investors with its potential. Bitcoin surged by approximately 168%, Ethereum advanced by around 66%, and Solana, a relative newcomer, soared over 100% in the past year.

Top 5 High-Performance Cryptocurrency ETFs to Watch

Bitwise 10 Crypto Index Fund

Bitcoin is up ~170%, Ether ~+100%, and Solana over 930% over the last year, and the number of worldwide crypto users is projected to reach 992.50M by 2028. Cryptocurrency ETFs offer exposure by investing directly in the assets and/or companies involved in the digital economy. 5 crypto-focused ETFs, +240% on average in 1Y, offer exposure to several digital assets and firms involved in the digital economy for investors with an appetite for risk.

Top 5 Crypto-Focused ETFs (SA Quant)

Grayscale Bitcoin Cash Trust 

Grayscale Ethereum Classic Trust

Grayscale Ethereum Trust

New products reflect ongoing investor demand for diversified crypto exposure New products reflect ongoing investor demand for diversified crypto exposure

Grayscale Investments® Launches New Investment Trusts: Grayscale® Near Trust and Grayscale® Stacks Trust

STAMFORD, Conn., April 23, 2024 (GLOBE NEWSWIRE) -- Grayscale Investments®, the world's largest crypto asset manager, today announced it filed a registration statement on Form S-3 (the “Form S-3”) with the U.S. Securities and Exchange Commission (“SEC”) to register shares of Grayscale Ethereum Trust (OTCQX: ETHE) under the Securities Act of 1933, as amended (the "Securities Act").

Grayscale Investments® Files S-3 Registration Statement for Grayscale Ethereum Trust

STAMFORD, Conn., April 04, 2024 (GLOBE NEWSWIRE) -- Grayscale Investments® , the world's largest crypto asset manager*, and manager of Grayscale® Digital Large Cap Fund ( OTCQX: GDLC ) (Digital Large Cap Fund), Grayscale® DeFi Fund ( OTCQB: DEFG ) (DeFi Fund), and Grayscale® Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund), today announced the updated Fund Component weightings for each product in connection with their respective first quarter 2024 reviews.

Grayscale® Digital Large Cap Fund, Grayscale® DeFi Fund, and Grayscale® Smart Contract Platform Ex-Ethereum Fund Announce Rebalancing of Funds for First Quarter 2024

Firm launches Grayscale Dynamic Income Fund to allow qualified clients to participate in the benefits of staking in crypto assets Firm launches Grayscale Dynamic Income Fund to allow qualified clients to participate in the benefits of staking in crypto assets

Grayscale® Advisors New Investment Opportunity Aims to Capture Staking Rewards

Grayscale Bitcoin Trust will become world's second largest commodity-based ETF and world's largest spot Bitcoin ETF*

Grayscale Investments® Receives SEC Approval to Uplist Grayscale Bitcoin Trust to NYSE Arca as Spot Bitcoin ETF

STAMFORD, Conn., Jan. 05, 2024 (GLOBE NEWSWIRE) -- Grayscale Investments® , the world's largest crypto asset manager*, and manager of Grayscale® Digital Large Cap Fund ( OTCQX: GDLC ) (Digital Large Cap Fund), Grayscale® DeFi Fund ( OTCQB: DEFG ) (DeFi Fund), and Grayscale® Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund), today announced the updated Fund Component weightings for each product in connection with their respective fourth quarter 2023 reviews.

Grayscale® Digital Large Cap Fund, Grayscale® DeFi Fund, and Grayscale® Smart Contract Platform Ex-Ethereum Fund Announce Rebalancing of Funds for Fourth Quarter 2023

New framework organizes the broader crypto market into five distinct sectors, designed to help investors understand Grayscale's specialized view of the asset class

Grayscale Investments® Unveils Grayscale® Crypto Sectors and Launches New Partnership with FTSE Russell to Introduce Crypto Sector Index Series

STAMFORD, Conn., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Grayscale Investments® , the world's largest crypto asset manager, and manager of Grayscale® Digital Large Cap Fund ( OTCQX: GDLC ) (Digital Large Cap Fund), Grayscale® DeFi Fund ( OTCQB: DEFG ) (DeFi Fund), and Grayscale® Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund), today announced the updated Fund Component weightings for each product in connection with their respective third quarter 2023 reviews.

Grayscale® Digital Large Cap Fund, Grayscale® DeFi Fund, and Grayscale® Smart Contract Platform Ex-Ethereum Fund Announce Rebalancing of Funds for Third Quarter 2023

The filing reflects Grayscale's ongoing commitment to converting its entire family of crypto investment products to ETFs The filing reflects Grayscale's ongoing commitment to converting its entire family of crypto investment products to ETFs

NYSE Arca Files Form 19b-4 to Convert Grayscale® Ethereum Trust to an ETF

As the cryptocurrency universe gains more mainstream acceptance and as more investors enter this arena, more factors are appearing as drivers of performance. This year, some experts are pointing to rising interest rates and declining equity prices — bitcoin's correlation to stocks is high in 2022 — as reasons for crypto weakness.

Exploring Factors Driving Crypto Performance

Launch of new investment product reflects ongoing demand for diversified exposure to crypto protocols leveraging decentralized smart contract technology Launch of new investment product reflects ongoing demand for diversified exposure to crypto protocols leveraging decentralized smart contract technology

Grayscale Investments® Launches Smart Contract Platform Fund

It's often noted that many devoted cryptocurrency market participants are younger investors, and while some old pros may scoff at the notion, the reality is that younger investors are playing pivotal roles in broadening the investment case for digital assets, such as bitcoin. Add to that, the youth movement that in part powers cryptocurrency investing [.

This Country Highlights the Potency of the Crypto Youth Movement

1847 GOEDEKER INC.

Lee Enterprises

SandRidge Energy

Jeremy Raper's Hunter Douglas. Thomas Braziel's Bitcoinica.

Best Of The Best

President Biden recently announced the nomination of Jerome Powell to continue leading the Federal Reserve, but it's his nomination of Governor Lael Brainard and his promise to nominate three more progressives for board vacancies that could be positive traction for crypto within the regulatory agency, reports MarketWatch. Brainard could play a key role in helping bring [.

Brainard as Fed Vice Chair Could Be Good for Crypto

Grayscale Digital Large Cap Fund offers exposure to the crypto market, including Bitcoin, Ethereum, and, to a lesser extent, several alt-coins. The Fund currently trades at an extreme discount to its net asset value ("NAV").

Grayscale Digital Large Cap Fund: Wide Discount To NAV Provides Arbitrage Opportunity

Partnership will meet growing investor demand for burgeoning asset class Partnership will meet growing investor demand for burgeoning asset class

News for Grayscale Digital Large Cap Fund LLC ETF (GDLC)