Grayscale Digital Large Cap Fund LLC
For the period ended Dec 31, 2023. Filed Feb 7, 2024.
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Dec 31, 2023 · Filed Feb 7, 2024
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Item 5. Other Information
On February 2, 2024, CoinDesk Indices, Inc. announced a change to the Constituent Trading Platforms used to calculate the Digital Asset Reference Rate for certain Fund Components of the Fund.
Prior to the changes announced on February 2, 2024, the Constituent Trading Platforms used to calculate the Indicative Price for each respective Fund Component were as follows:
BTC: Coinbase, Kraken, and Crypto.com
ETH: Coinbase, Crypto.com, and LMAX Digital
ADA: Coinbase, Kraken, and Crypto.com
SOL: Coinbase, Kraken, and LMAX Digital
AVAX: Coinbase, Kraken, and Crypto.com
XRP: Coinbase, Kraken, and Bitstamp
Effective February 2, 2024, the Reference Rate Provider removed Kraken as a Constituent Trading Platform used to calculate the Indicative Price for BTC and added LMAX Digital as a Constituent Trading Platform, due to LMAX Digital exceeding Kraken in trading volume for BTC. The Reference Rate Provider also removed LMAX Digital as a Constituent Trading Platform used to calculate the Indicative Price for ETH and added Kraken as a Constituent Trading Platform, due to Kraken exceeding LMAX Digital in trading volume for ETH.
As of the date of this report, the Constituent Trading Platforms used to calculate the Indicative Price for each respective Fund Component were as follows:
BTC: Coinbase, LMAX Digital, and Crypto.com
ETH: Coinbase, Crypto.com, and Kraken
ADA: Coinbase, Kraken, and Crypto.com
SOL: Coinbase, Kraken, and LMAX Digital
AVAX: Coinbase, Kraken, and Crypto.com
XRP: Coinbase, Kraken, and Bitstamp
The Reference Rate Provider may change the trading venues that are used to calculate a Digital Asset Reference Rate, or otherwise change the way in which a Digital Asset Reference Rate is calculated, at any time. For example, the Reference Rate Provider has scheduled quarterly reviews, in which it may add or remove Constituent Trading Platforms that satisfy or fail the criteria described in “Item 1. Business—Overview of the Digital Asset Industry and Market—Fund Component Value—Digital Asset Reference Rates” in the Fund’s Annual Report.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.