Grayscale Receives FINRA Greenlight to Trade Large Cap Fund

Another product by Grayscale will be publicly traded, this time the Grayscale Digital Large Cap fund.

Another product by Grayscale will be publicly traded, this time the Grayscale Digital Large Cap fund.

The Grayscale Digital Large Cap fund has received the green light to trade publicly under the ticker GDLCF. The fund, made up of some of the most liquid digital coins, will be now available to retail buyers, after approval from FINRA.

https://twitter.com/GrayscaleInvest/status/1183778264449540096

Usually, the premium of Grayscale is significant during price rallies, and has expanded to above 47% during times of great hype.

Accredited investors, or high net worth individuals, have rarely been stopped from investing in crypto assets. But the creation of a retail product is much more limiting to crypto-based companies. Because of the price risk, attracting retail investors usually leads to increased regulatory scrutiny.

The products of Grayscale hold about $2.1 billion in assets under management, down from $2.7 billion in the summer months. Most coins included into the mix have dropped their premiums.