Grayscale Digital Large Cap Fund 10-Q Filed

Ticker: GDLC · Form: 10-Q · Filed: 2025-05-02T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, digital-assets, cryptocurrency, Grayscale

TL;DR

GDLC 10-Q filed: Digital asset holdings updated, with recent events impacting Cardano, Solana, and Ethereum.

AI Summary

Grayscale Digital Large Cap Fund LLC filed its 10-Q for the period ending March 31, 2025. The filing details the fund's investments in various digital assets, including Ethereum and XRP. A subsequent event on April 28, 2025, involved Cardano and Solana, and another on April 3, 2025, related to Ethereum.

Why It Matters

This filing provides insight into the Grayscale Digital Large Cap Fund's holdings and any significant changes or events impacting its portfolio as of Q1 2025.

Risk Assessment

Risk Level: medium — The fund's exposure to volatile digital assets inherently carries a medium level of risk.

Key Numbers

20250331 — Reporting Period End Date (Indicates the end of the fiscal quarter for this filing.)
20250502 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

Grayscale Digital Large Cap Fund LLC (company) — Filer of the 10-Q
Ethereum (company) — Digital asset held by the fund
XRP (company) — Digital asset held by the fund
Cardano (company) — Digital asset involved in a subsequent event
Solana (company) — Digital asset involved in a subsequent event
March 31, 2025 (date) — End of the reporting period
April 28, 2025 (date) — Date of a subsequent event
April 3, 2025 (date) — Date of a subsequent event

FAQ

What were the fund's primary digital asset holdings as of March 31, 2025?

The filing indicates holdings in Ethereum, XRP, and other digital assets, with specific details available within the full report.

Were there any significant events after the reporting period that affected the fund's portfolio?

Yes, subsequent events on April 28, 2025, involved Cardano and Solana, and another on April 3, 2025, related to Ethereum.

What is the fiscal year-end for Grayscale Digital Large Cap Fund LLC?

The fiscal year end for Grayscale Digital Large Cap Fund LLC is June 30.

What is the business address and phone number for the fund?

The business address is 290 Harbor Drive, 4th Floor, Stamford, CT 06902, and the business phone number is 212-668-1427.

What is the SIC code for Grayscale Digital Large Cap Fund LLC?

The Standard Industrial Classification (SIC) code is [6221].

From the Filing

0000950170-25-062734.txt : 20250502 0000950170-25-062734.hdr.sgml : 20250502 20250502160342 ACCESSION NUMBER: 0000950170-25-062734 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 51 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250502 DATE AS OF CHANGE: 20250502 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grayscale Digital Large Cap Fund LLC CENTRAL INDEX KEY: 0001729997 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets EIN: 981406784 STATE OF INCORPORATION: E9 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-56284 FILM NUMBER: 25908357 BUSINESS ADDRESS: STREET 1: 290 HARBOR DRIVE STREET 2: 4TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 212-668-1427 MAIL ADDRESS: STREET 1: 290 HARBOR DRIVE STREET 2: 4TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 10-Q 1 gdlc-20250331.htm 10-Q 10-Q Q3 0001729997 --06-30 false One P1D P5D 0001729997 2024-07-03 2024-07-03 0001729997 us-gaap:SubsequentEventMember gdlc:XRPMember 2025-04-03 0001729997 gdlc:EthereumMember 2025-03-31 0001729997 2024-07-01 2025-03-31 0001729997 gdlc:EthereumMember 2023-07-01 2024-06-30 0001729997 gdlc:InvestmentInEthereumMember us-gaap:FairValueInputsLevel1Member 2025-03-31 0001729997 2025-04-28 0001729997 gdlc:CardanoMember 2023-07-01 2024-06-30 0001729997 gdlc:InvestmentInPolygonMember 2024-06-30 0001729997 gdlc:RippleMember 2025-03-31 0001729997 gdlc:CardanoMember us-gaap:SubsequentEventMember 2025-04-28 0001729997 gdlc:InvestmentInPolygonMember 2023-07-01 2024-06-30 0001729997 us-gaap:FairValueInputsLevel2Member 2025-03-31 0001729997 us-gaap:FairValueInputsLevel3Member gdlc:InvestmentInSolanaMember 2024-06-30 0001729997 gdlc:EthereumMember 2024-07-01 2025-03-31 0001729997 gdlc:EthereumMember us-gaap:SubsequentEventMember 2025-04-28 0001729997 gdlc:InvestmentInBitcoinMember 2024-06-30 0001729997 gdlc:InvestmentInXRPMember 2024-06-30 0001729997 gdlc:EthereumMember us-gaap:SubsequentEventMember 2025-04-03 0001729997 gdlc:SolanaMember 2025-03-31 0001729997 us-gaap:FairValueInputsLevel2Member gdlc:InvestmentInAvalancheMember 2024-06-30 0001729997 gdlc:InvestmentInEthereumMember 2025-03-31 0001729997 gdlc:AvalancheMember 2023-07-01 2024-06-30 0001729997 gdlc:InvestmentInAvalancheMember 2024-06-30 0001729997 2023-06-30 0001729997 gdlc:InvestmentInRippleMember 2025-03-31 0001729997 gdlc:BitcoinMember 2024-06-30 0001729997 2023-01-05 2023-01-05 0001729997 us-gaap:SubsequentEventMember gdlc:SolanaMember 2025-04-28 0001729997 2023-10-04 2023-10-04 0001729997 us-gaap:FairValueInputsLevel3Member gdlc:InvestmentInCardanoMember 2025-03-31 0001729997 gdlc:SolanaMember 2023-07-01 2024-06-30 0001729997 us-gaap:FairValueInputsLevel2Member gdlc:InvestmentInEthereumMember 2024-06-30 0001729997 gdlc:InvestmentInXRPMember us-gaap:FairValueInputsLevel1Member 2025-03-31 0001729997 gdlc:BitcoinMember 2023-06-30 0001729997 2025-01-04 2025-01-04 0001729997 gdlc:SolanaMember 2024-07-01 2025-03-31 0001729997 2024-10-03 2024-10-03 0001729997 gdlc:NonSponsorPaidExpensesMember srt:MinimumMember 2024-07-01 2025-03-31 0001729997 gdlc:RippleMember 2024-06-30 0001729997 us-gaap:FairValueInputsLevel2Member gdlc:InvestmentInXRPMember 2024-06-30 0001729997 us-gaap:FairValueInputsLevel3Member gdlc:InvestmentInXRPMember 2025-03-31 0001729997 us-gaap:FairValueInputsLevel2Member gdlc:InvestmentInXRPMember 2025-03-31 0001729997 2023-07-01 2024-03-31 0001729997 2022-06-30 2022-06-30 0001729997 gdlc:AvalancheMember 2025-03-31 0001729997 gdlc:XRPMember 2023-07-01 2024-06-30 0001729997 gdlc:InvestmentInXRPMember 2025-03-31 0001729997 gdlc:BitcoinMember 2023-07-01 2024-06-30 0001729997 us-gaap:FairValueInputsLevel2Member 2024-06-30 0001729997 gdlc:InvestmentInBitcoinMember us-gaap:FairValueInputsLevel1Member 2024-06-30 0001729997 gdlc:InvestmentInEthereumMember us-gaap:FairValueInputsLevel1Member 2024-06-30 0001729997 us-gaap:FairValueInputsLevel3Member gdlc:InvestmentInEthereumMember 2024-06-30 0001729997 srt:M