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Grayscale Digital Large Cap Fund was launched as a private placement available only to accredited investors.

Eligible shares of the fund began to be quoted on the OTC Markets, allowing trading through traditional brokerage accounts.

The fund's components began tracking the CoinDesk 5 Index (CD5), which is designed and managed by CoinDesk Indices, Inc.

The U.S. SEC approved the fund for listing and trading under new standards, establishing it as a multi-crypto asset Exchange-Traded Product (ETP).