The company behind the Bitcoin Investment Trust (OTCQX:GBTC) launches the Grayscale Digital Large Cap Fund (for the moment available only to accredited investors), offering exposure to five cryptocurrencies - Bitcoin, Ether, Ripple, Bitcoin Cash, and Litecoin.
The hope is to have the fund publicly listed after one year.
Grayscale CEO Barry Silbert: "People don’t know or care which coin will win ... They just want to be in this asset class. We have people who want to put $100M into this.”