Grayscale Launches a New Cryptocurrency Fund

The sponsor of the Bitcoin Trust  Grayscale Investments  announced a new cryptocurrency investment  plans to launch the ‘Grayscale Digital Large Cap Fund’ .

 According to Grayscale’s announcement :

 We’re excited to further expand the universe of Grayscale’s product offerings as interest in the digital currency asset class continues to grow,” said Barry Silbert, CEO, and founder of Grayscale Investments.

As a trusted and experienced manager, Grayscale is committed to creating investment structures that are familiar to qualified investors and provide secure access to this emerging asset class.

Fund Targets 70% Coverage of the Digital Asset Market. The  first funds consisting of ETH and BTC . following alongside the prices rises of spot markets.  GBTC became one of the first mainstream investment vehicles tied to bitcoin reserves in 2013. 

What do you think about Grayscale’s new ‘Digital Large Cap Fund?’ Let us know what you think in the comments below. Images via Shutterstock, Twitter, and Grayscale. source:https://news.bitcoin.com/grayscale-plans-to-launch-a-cryptocurrency-large-cap-fund/