In This Story
Grayscale Digital Large Cap Fund LLC (GDLC-2.63%) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing reports net assets of $738,200,000, reflecting a 46% increase from the previous quarter, primarily due to the appreciation of digital assets in the Fund's portfolio.
The Fund's portfolio includes investments in Bitcoin, Ether, Solana, XRP, and Avalanche, with Bitcoin representing approximately 74.67% of net assets.
Net realized and unrealized gains on investments in digital assets totaled $235,735,000 for the quarter, driven by appreciation in Bitcoin and Ether.
The Fund incurred a Manager's Fee of $4,138,000, which was paid in Fund Components.
The Fund does not currently operate a redemption program, and no Shares were redeemed during the quarter.
The Fund's trading symbol on OTCQX is 'GDLC', and its Shares are not registered on any exchange.
The Fund is managed by Grayscale Investments Sponsors, LLC, following an internal reorganization effective January 1, 2025.
The Fund's investment objective is to hold the top digital assets by market capitalization, and its portfolio is rebalanced quarterly in line with the CoinDesk Large Cap Select Index.
The filing includes a discussion of risks related to the volatility of digital asset prices and regulatory uncertainties, particularly concerning the classification of digital assets as securities by the SEC.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Grayscale Digital Large Cap Fund LLC quarterly 10-Q report dated February 5, 2025. To report an error, please email earnings@qz.com.