Grayscale Digital Large Cap Fund Files 8-K
Ticker: GDLC · Form: 8-K · Filed: Oct 4, 2024 · CIK: 1729997
| Field | Detail |
|---|---|
| Company | Grayscale Digital Large Cap Fund LLC (GDLC) |
| Form Type | 8-K |
| Filed Date | Oct 4, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: reporting, compliance, fund-filing
TL;DR
Grayscale Digital Large Cap Fund filed its 8-K, standard reporting.
AI Summary
On October 3, 2024, Grayscale Digital Large Cap Fund LLC filed an 8-K report. The filing primarily concerns "Other Events" and "Financial Statements and Exhibits." No specific financial transactions or material events beyond routine reporting are detailed in the provided text.
Why It Matters
This filing indicates ongoing regulatory compliance and reporting for the Grayscale Digital Large Cap Fund LLC, providing transparency to investors.
Risk Assessment
Risk Level: low — The filing is a routine 8-K report and does not disclose any new material risks or significant negative events.
Key Players & Entities
- Grayscale Digital Large Cap Fund LLC (company) — Registrant
- Grayscale Investments, LLC (company) — Address of Principal Executive Offices
- October 3, 2024 (date) — Date of earliest event reported
- 212 668-1427 (phone_number) — Registrant's Telephone Number
FAQ
What is the primary purpose of this 8-K filing for Grayscale Digital Large Cap Fund LLC?
The filing is primarily for "Other Events" and "Financial Statements and Exhibits," indicating routine reporting and compliance.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is October 3, 2024.
Who is listed as the principal executive office for Grayscale Digital Large Cap Fund LLC?
The principal executive offices are listed as c/o Grayscale Investments, LLC, 290 Harbor Drive, 4th Floor, Stamford, Connecticut 06902.
What is the Commission File Number for Grayscale Digital Large Cap Fund LLC?
The Commission File Number is 000-56284.
What is the IRS Employer Identification Number for Grayscale Digital Large Cap Fund LLC?
The IRS Employer Identification Number is 98-1406784.
Filing Stats: 978 words · 4 min read · ~3 pages · Grade level 11.5 · Accepted 2024-10-04 16:26:40
Filing Documents
- gdlc-20241003.htm (8-K) — 48KB
- gdlc-ex99_1.htm (EX-99.1) — 35KB
- 0000950170-24-112923.txt ( ) — 209KB
- gdlc-20241003.xsd (EX-101.SCH) — 29KB
- gdlc-20241003_htm.xml (XML) — 5KB
01 Other Events
Item 8.01 Other Events. On October 2, 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 6, 2024 (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 October 2, 2024, CoinDesk Indices, Inc. (in this capacity, the "Index Provider") completed the quarterly rebalancing of the DLCS and determined that Bitcoin, Ethereum ("Ether"), Solana ("SOL"), Avalanche ("AVAX"), and XRP met the inclusion criteria of the DLCS Index. Accordingly, the Manager adjusted the Fund's portfolio by purchasing and selling the existing Fund Components in proportion to their respective weightings. As of October 3, 2024, following the rebalancing, the Fund Components consisted of 75.68% Bitcoin, 17.79% Ether, 4.03% SOL, 1.87% XRP, and 0.63% AVAX, and each of the Fund's Shares represented 0.0004 Bitcoin, 0.0023 Ether, 0.0089 SOL, 1.0702 XRP, and 0.0077 AVAX. Additional information regarding the Fund's quarterly rebalancing is available in the Fund's periodic reports filed with the Securities and Exchange Commission on Forms 10-K and 10-Q. A copy of the press release announcing the Fund's quarterly rebalancing for the quarter ended September 30, 2024 is attached to this Current Report as Exhibit 99.1. For operational purposes, the Fund values each Fu
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: October 4, 2024 By: /s/ Edward McGee Edward McGee Chief Financial 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.