Grayscale Digital Large Cap Fund Files 8-K
Ticker: GDLC · Form: 8-K · Filed: May 6, 2024 · CIK: 1729997
| Field | Detail |
|---|---|
| Company | Grayscale Digital Large Cap Fund LLC (GDLC) |
| Form Type | 8-K |
| Filed Date | May 6, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: disclosure, regulatory-filing
TL;DR
GDLC filed an 8-K on 5/6 for an event on 5/2 - details TBD.
AI Summary
Grayscale Digital Large Cap Fund LLC filed an 8-K on May 6, 2024, reporting an event on May 2, 2024. The filing pertains to "Other Events" and provides no specific details on the nature of the event, dollar amounts, or names involved.
Why It Matters
This filing indicates a material event has occurred for Grayscale Digital Large Cap Fund LLC, requiring disclosure to investors and the public.
Risk Assessment
Risk Level: low — The filing is a standard disclosure form (8-K) without immediate negative or positive financial implications detailed within the provided text.
Key Players & Entities
- Grayscale Digital Large Cap Fund LLC (company) — Registrant
- Grayscale Investments, LLC (company) — Administrative Agent
- May 2, 2024 (date) — Date of earliest event reported
- May 6, 2024 (date) — Filing Date
FAQ
What specific event is Grayscale Digital Large Cap Fund LLC reporting in this 8-K filing?
The provided text of the 8-K filing does not specify the nature of the 'Other Events' that are being reported.
When was the event that prompted this 8-K filing?
The earliest event reported in the filing occurred on May 2, 2024.
When was this 8-K form filed with the SEC?
The 8-K form was filed as of May 6, 2024.
What is the principal executive office address for Grayscale Digital Large Cap Fund LLC?
The principal executive offices are located at 290 Harbor Drive, 4th Floor, Stamford, Connecticut 06902.
Who is the administrative agent or contact for Grayscale Digital Large Cap Fund LLC?
The filing indicates the address is c/o Grayscale Investments, LLC.
Filing Stats: 788 words · 3 min read · ~3 pages · Grade level 13.6 · Accepted 2024-05-06 06:02:56
Filing Documents
- gdlc-20240502.htm (8-K) — 44KB
- 0000950170-24-053184.txt ( ) — 163KB
- gdlc-20240502.xsd (EX-101.SCH) — 29KB
- gdlc-20240502_htm.xml (XML) — 5KB
01 Other Events
Item 8.01 Other Events. On May 2, 2024, CoinDesk Indices, Inc. (the "Reference Rate Provider") announced a change to the Constituent Trading Platforms used to calculate the Digital Asset Reference Rate for certain Fund Components of Grayscale Digital Large Cap Fund LLC (the "Fund"). The Fund values each Fund Component it holds for operational purposes by reference to a "Digital Asset Reference Rate." The Digital Asset Reference Rate for each Fund Component, at any time, is the Indicative Price for such Fund Component as of 4:00 p.m., New York time, on the most recent business day. The "Indicative Price" is a volume-weighted average price in U.S. dollars of a digital asset for the immediately preceding 60-minute period derived from data collected from Digital Asset Trading Platforms trading such Fund Component (each, a "Constituent Trading Platform") selected by the Reference Rate Provider. Prior to the changes announced on May 2, 2024, the Constituent Trading Platforms used to calculate the Indicative Price for each respective Fund Component were as follows: BTC: Coinbase, LMAX Digital, and Crypto.com ETH: Coinbase, Crypto.com, and Kraken SOL: Coinbase, Kraken, and LMAX Digital AVAX: Coinbase, Kraken, and Crypto.com XRP: Coinbase, Kraken, and Bitstamp Effective May 2, 2024, the Reference Rate Provider removed Kraken as a Constituent Trading Platform used to calculate the Indicative Price for ETH and added LMAX Digital as a Constituent Trading Platform, due to LMAX Digital exceeding Kraken in trading volume for ETH. As of the date of this current report, the Constituent Trading Platforms used to calculate the Indicative Price for each respective Fund Component were as follows: BTC: Coinbase, LMAX Digital, and Crypto.com ETH: Coinbase, Crypto.com, and LMAX Digital SOL: Coinbase, Kraken, and LMAX Digital AVAX: Coinbase, Kraken, and Crypto.com XRP: Coinbase, Kraken, and Bitstamp The Reference Rate Provider may change the trading venues that
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: May 6, 2024 By: /s/ Michael Sonnenshein Michael Sonnenshein Chief Executive Officer* * The Registrant is a fund and the identified person signing this report is signing in their capacity as an authorized officer of Grayscale Investments, LLC, the Manager of the Registrant.