Investment Objective

Grayscale Digital Large Cap Fund is among the first investment vehicles solely invested in, and deriving value from, a basket of large cap digital assets in the form of a security while avoiding the challenges of buying, storing, and safekeeping those digital assets directly.

The Fund aims for the value of the Shares (based on NAV per Share) to reflect the value of the digital assets held by the Fund (the "Fund Components") as determined by reference to their respective Digital Asset Reference Rates and weightings within the Fund, less the Fund's expenses and other liabilities. Since July 1, 2022, the Fund Components have consisted of the digital assets that make up the CoinDesk Large Cap Select Index (the "DLCS"), as rebalanced from time to time, subject to the Manager's discretion to exclude individual digital assets in certain cases. The DLCS is designed and managed by CoinDesk Indices, Inc. (in this capacity, the "Index Provider").

To date, the Product has not met its investment objective and the Shares of the Product quoted on OTC Markets Group has not reflected the value of digital assets held by the Product, less the Product’s expenses and other liabilities, but instead have traded at both premiums and discounts to such value, with variations that have at times been substantial.

Overview

Eligible shares are quoted on the OTC Markets Group under the Alternative Reporting Standards. Investors can buy and sell shares through most traditional brokerage accounts at prices dictated by the market.

NAME

Grayscale Digital Large Cap Fund

TOTAL EXPENSE RATIO

2.50%

TICKER

GDLC

DISTRIBUTION FREQUENCY

None

PRIMARY LISTING MARKET

OTC

INCEPTION DATE

02/01/2018

CUSIP

G40705108

PUBLIC INCEPTION DATE

11/22/2019

ISIN

KYG407051088

BLOOMBERG ID

GDLC

The CoinDesk Large Cap Select Index (DLCS) is designed to measure the market capitalization weighted performance of some of the largest and most liquid digital assets classified in DACS that meet certain trading and custody requirements.

Performance

ASSETS UNDER MANAGEMENT (NON-GAAP)

$654,022,040.46

NET ASSET VALUE (NAV) PER SHARE

$41.22

SHARES OUTSTANDING

15,867,400

NAV PER SHARE 1D CHANGE (%)

5.10%

MARKET PRICE

$37.10

MARKET PRICE / SHARE 1D CHANGE (%)

6.21%

Past performance is not necessarily indicative of future results.


NAV per Share is calculated daily at 4 pm ET, based on the applicable CoinDesk Index or Reference Rate. If you would like to see how NAV is calculated, please refer to the applicable Product’s disclosure language in its private placement memorandum.

As of 04/22/2025

1 month

3 months

6 months

YTD

1 year

3 years

5 years

10 years

Annualized Since Inception

Cumulative Since Inception

Market Price, %

0.70

-15.58

71.93

-15.58

46.42

16.42

52.94

--

38.80

478.83

NAV Per Share, %

-3.82

-18.07

19.77

-18.07

0.98

8.93

58.18

--

20.60

282.20

Holdings

Number of holdings: 5

As of 04/22/2025

Name

Assets/Share

Weight

BTC

Bitcoin

0.00036459

80.96%

ETH

Ethereum

0.00221672

9.12%

XRP

XRP

1.06827162

5.57%

SOL

Solana

0.00939681

3.30%

ADA

Cardano

0.66109522

1.05%

Resources

Factsheet

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Tax Documents

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Regulatory Filings

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Grayscale's Product Lifecycle

Grayscale Products first launch as private placements, allowing accredited investors to gain crypto exposure through a familiar investment vehicle structure.


Shares purchased in the private placements are initially restricted for one year.

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