Grayscale Announces the Launch of its Diversified Crypto Investment System for Trading
Alo Kingsley Nov 25, 2019 08:30
Grayscale Investments, the American-based crypto management fund, announced a plan to launch its diversified crypto investment system for trading. This investment product is known as Grayscale Digital Large Cap Fund (GDLCF), and trading will begin in no distant time with access to US securities.
Grayscale Investments, the American-based crypto management fund, announced a plan to launch its diversified crypto investment system for trading. This investment product is known as Grayscale Digital Large Cap Fund (GDLCF), and trading will begin in no distant time with access to US securities.
Being Grayscale’s fourth investment product made open to the public, the following shares will be available to investors: Grayscale Bitcoin Trust (OTCQX: GBTC), Grayscale Ethereum Classic Trust (OTCQX: ETCG), and Grayscale Ethereum Trust (OTCQX: ETHE).
Matthew Beck, Grayscale’s Director, Investments, and Research, commented that cryptocurrencies are a new and significant source of profits to investors and which also allows for diversification. He then noted that this new initiative would help investors who wished to have new ways of gaining profits.
"Digital assets represent a new and important alternative source of return for investors. Their unique market opportunities, use cases, and risk exposures can also enhance diversification. A well-constructed, diversified investment product like Grayscale Digital Large Cap Fund is an important tool for investors seeking to build more balanced portfolios with higher risk-adjusted returns," Beck said.
Through their registered investment accounts, investors have the opportunity to buy and sell without restrictions tradable Grayscale Digital Large Cap Fund shares. This opportunity parallels their beforehand ability to buy and sell unregistered securities; the only difference is that they have to look for the symbol: GDLCF.
Image via Shutterstock
Image source: Shutterstock
