Grayscale Digital Large Cap Fund Files 8-K on Jan 4 Event

TL;DR

**Grayscale Digital Large Cap Fund just filed an 8-K, signaling an undisclosed event on Jan 4th.**

AI Summary

Grayscale Digital Large Cap Fund LLC filed an 8-K on January 5, 2024, reporting an event that occurred on January 4, 2024. This filing, under Item 8.01 "Other Events," indicates a routine update or disclosure without specific financial details in the provided text. For investors, this matters because 8-K filings often precede significant news, and while this one is vague, it signals that Grayscale is actively engaging with SEC disclosure requirements, which can impact investor confidence and regulatory standing.

Why It Matters

This 8-K signals Grayscale's ongoing compliance with SEC reporting, which is crucial for investor trust and regulatory approval, especially for a fund dealing with digital assets.

Risk Assessment

Risk Level: low — The filing itself is a standard disclosure and does not contain information indicating immediate financial risk or opportunity.

Analyst Insight

Investors should monitor Grayscale's subsequent filings or announcements for specific details regarding the 'Other Event' mentioned in this 8-K, as it could precede significant news related to the fund's operations or regulatory status.

Key Players & Entities

• Grayscale Digital Large Cap Fund LLC (company) — the registrant filing the 8-K
• Grayscale Investments, LLC (company) — parent company/manager of the fund
• SEC (company) — regulatory body
• GDLC (company) — trading symbol for Grayscale Digital Large Cap Fund LLC Shares

Forward-Looking Statements

• Grayscale Digital Large Cap Fund LLC will file a subsequent 8-K or press release providing more details on the 'Other Event' reported on January 4, 2024. (Grayscale Digital Large Cap Fund LLC) — medium confidence, target: 2024-01-19

FAQ

Key Financial Figures

• $0.01 — lower than Bitcoin, typically less than $0.01. Given the unique qualities of XRP an
• $1.3 billion — XRP alleging that they raised more than $1.3 billion through XRP sales that should have been
• $140 billion — et capitalization at times reached over $140 billion. However, in the weeks following the SE
• $10 b — market capitalization fell to less than $10 billion, which was less than half of its

Filing Documents

• gdlc-20240104.htm (8-K) — 53KB
• gdlc-ex99_1.htm (EX-99.1) — 44KB
• 0000950170-24-002470.txt ( ) — 233KB
• gdlc-20240104.xsd (EX-101.SCH) — 2KB
• gdlc-20240104_pre.xml (EX-101.PRE) — 12KB
• gdlc-20240104_lab.xml (EX-101.LAB) — 15KB
• gdlc-20240104_htm.xml (XML) — 5KB

01 Other Events

Item 8.01 Other Events. On January 3, 2024, Grayscale Investments, LLC, the manager (the “Manager”) of Grayscale Digital Large Cap Fund LLC (the “Fund”), completed its quarterly review of the Fund’s portfolio and initiated the process of rebalancing the Fund in accordance with the fund construction criteria, as described in the Fund’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on September 1, 2023 (the “Annual Report”). In accordance with the fund construction criteria, the digital assets held by the Fund (the “Fund Components”) consist of the digital assets (the “Index Components”) included in the CoinDesk Large Cap Select Index (the “DLCS”), subject to the Manager’s discretion to exclude an Index Component under certain circumstances. The DLCS is rebalanced quarterly, beginning 14 days before the second business day of each January, April, July and October. On January 3, 2024, CoinDesk Indices, Inc. (in this capacity, the “Index Provider”) completed the quarterly rebalancing of the DLCS and determined that Bitcoin (“BTC”), Ethereum (“ETH”), Cardano (“ADA”), Solana (“SOL”), Avalanche (“AVAX”), and XRP met the inclusion criteria of the DLCS Index. Accordingly, the Manager adjusted the Fund’s portfolio by selling the existing Fund Components in proportion to their respective weightings and using the cash proceeds to purchase AVAX and XRP. As a result of the rebalancing, AVAX and XRP have been added to the Fund, and MATIC has been removed from the Fund. As of January 4, 2024, following the rebalancing, the Fund Components consisted of 69.15% BTC, 21.90% ETH, 3.65% SOL, 2.54% XRP, 1.62% ADA, and 1.14% AVAX, and each of the Fund’s shares represented 0.0004 BTC, 0.0023 ETH, 0.0083 SOL, 1.0422 XRP, 0.6828 ADA, and 0.0070 AVAX. Additiona

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release Announcing Grayscale Digital Large Cap Fund’s Quarterly Rebalancing (OTCQX: GDLC) 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Grayscale Investments, LLC as Manager of Grayscale Digital Large Cap Fund LLC Date: January 5, 2024 By: /s/ Michael Sonnenshein Michael Sonnenshein Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR