Investment company of Barry Silbert Grayscale Investments, which operates $ 2.17 billion, will launch a new Digital Large Cap Fund, which will allow accredited investors to invest in Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin.
Excited to announce the launch of @GrayscaleInvest's fourth fund -- the Digital Large Cap Fund, a basket of market-cap weighted digital currencies (fund currently holds $BTC $ETH $XRP $BCH $LTC)https://t.co/EnMpRwqzXZ
— Barry Silbert (@barrysilbert) February 7, 2018
The Digital Large Cap Fund actives will be distributed as follows:
- Bitcoin (48.4%),
- Ethereum (29.2%),
- Ripple (12.7%),
- Bitcoin Cash (7.2%)
- Litecoin (2.5%) .
We're excited to further expand the universe of Grayscale's product offerings as interest in the digital currency asset class continues to grow. 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.
Barry Silbert noted that some customers are ready to invest $ 100 million in the initiative. The public offering of the fund's shares will take place in about a year.