Grayscale Digital Large Cap Fund Files 8-K
Ticker: GDLC · Form: 8-K · Filed: Jan 8, 2025 · CIK: 1729997
| Field | Detail |
|---|---|
| Company | Grayscale Digital Large Cap Fund LLC (GDLC) |
| Form Type | 8-K |
| Filed Date | Jan 8, 2025 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: reporting, financials
TL;DR
GDLC filed an 8-K on Jan 8 for Jan 3 event, mostly financial docs.
AI Summary
Grayscale Digital Large Cap Fund LLC filed an 8-K on January 8, 2025, reporting an event on January 3, 2025. The filing primarily concerns financial statements and exhibits, with no specific material events detailed in the provided text.
Why It Matters
This filing indicates routine reporting for Grayscale Digital Large Cap Fund LLC, providing updates on its financial statements and exhibits to the SEC.
Risk Assessment
Risk Level: low — The filing appears to be routine administrative and financial reporting, not indicating any immediate material changes or risks.
Key Numbers
- 0000950170-25-003452 — Accession Number (Unique identifier for the filing)
- 000-56284 — SEC File Number (SEC's file number for the registrant)
Key Players & Entities
- Grayscale Digital Large Cap Fund LLC (company) — Registrant
- 20250108 (date) — Filing Date
- 20250103 (date) — Earliest Event Date
- 212-668-1427 (phone_number) — Registrant's Telephone Number
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report on Other Events and to provide Financial Statements and Exhibits as of January 3, 2025.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on January 8, 2025.
What is the earliest event date reported in this filing?
The earliest event date reported in this filing is January 3, 2025.
What is the principal executive office address for Grayscale Digital Large Cap Fund LLC?
The principal executive office address is 290 Harbor Drive, 4th Floor, Stamford, Connecticut 06902.
What is the IRS Employer Identification Number for Grayscale Digital Large Cap Fund LLC?
The IRS Employer Identification Number for Grayscale Digital Large Cap Fund LLC is 98-1406784.
Filing Stats: 1,298 words · 5 min read · ~4 pages · Grade level 12.6 · Accepted 2025-01-08 16:24:12
Filing Documents
- gdlc-20250103.htm (8-K) — 53KB
- gdlc-ex99_1.htm (EX-99.1) — 37KB
- 0000950170-25-003452.txt ( ) — 217KB
- gdlc-20250103.xsd (EX-101.SCH) — 29KB
- gdlc-20250103_htm.xml (XML) — 5KB
01 Other Events
Item 8.01 Other Events. On January 3, 2025, Grayscale Investments Sponsors, LLC, a 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 January 3, 2025, CoinDesk Indices, Inc. (in this capacity, the "Index Provider") completed the quarterly rebalancing of the DLCS and determined that Bitcoin, Ethereum ("Ether"), XRP, Solana ("SOL"), and Cardano ("ADA") met the inclusion criteria of the DLCS Index. Accordingly, the Manager adjusted the Fund's portfolio by selling Avalanche ("AVAX") and other existing Fund Components, and using the cash proceeds to purchase ADA and other existing Fund Components. As a result of the rebalancing, ADA has been added to the Fund, and AVAX has been removed from the Fund. As of January 6, 2025, following the rebalancing, the Fund Components consisted of 73.52% Bitcoin, 16.16% Ether, 5.05% XRP, 3.83% SOL, and 1.44% ADA, and each of the Fund's Shares represented 0.0004 Bitcoin, 0.0022 Ether, 1.0664 XRP, 0.0089 SOL, and 0.6641 ADA. 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 reba
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 Operating, LLC as Manager of Grayscale Digital Large Cap Fund LLC Date: January 8, 2025 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 Operating, LLC, the Manager of the Registrant.