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Grayscale® Digital Large Cap Fund Announces Rebalancing of Fund

Chainlink (LINK) has been added to the fund’s portfolio

New York, April 6, 2021 (GLOBE NEWSWIRE) – Gray investments®, the world ‘s largest digital currency asset manager and gray tones manager® The Digital Large Fund Fund (OTCQX: GDLC) (Fund) announced today an updated fund component weight for the Fund in connection with its quarterly review.

Grayscale adjusted the Fund’s portfolio by selling the Fund’s existing components in proportion to their weights and using the cash proceeds to purchase Chainlink (LINK) in accordance with the Fund’s construction criteria.

This announcement follows the recent launch of Grayscale® Chainlink Trust, a single-asset investment product that offers investors exposure to LINK token price movements.

Chainlink is a decentralized data routing protocol built on Ethereum. Through a wide network of nodes, Chainlink facilitates the transfer of data from off-chain sources to chain applications, in what is commonly referred to as the oracle service. The LINK token is the original Chainlink token and is used to encourage Chainlink node operators to provide oracle services.

For investors looking to learn more about Chainlink, Grayscale recently released an introduction to the available digital currency here.

At the end of April 2, 2021, the Fund’s components were a basket of 79.8% Bitcoin (BTC), 17.5% Ethereum (ETH), 0.80% Bitcoin Cash (BCH), 1.00% Litecoin and 0.90% Chainlink (LINK) and each share represented 0.00046619 Bitcoin (BTC), 0.00287637 Ethereum (ETH), 0.00046869 Bitcoin Cash (BCH), 0.00166308 Litecoin and 0 , 00973831 Chainlink (LINK). The Fund does not generate any income and regularly distributes the Fund’s components to cover its running costs. Therefore, the amount of fund components represented by each share gradually decreases over time.

About gray rocks® Digital Large Capitalization Fund
The Grayscale Digital Large Cap Fund allows investors to gain exposure to a portfolio weighted by the market capitalization of large-cap digital currencies through a special investment vehicle without the challenge of buying, storing and safeguarding digital currencies directly. Through a rule-based portfolio building methodology, the Fund targets coverage of the top 70% of the digital currency market and is reviewed quarterly; however, the weights of each component of the fund change daily and are published around 4:00 p.m. * Investors can get real-time insight into daily performance and fund composition via the TradeBlock Grayscale Digital Large Cap Index (DLCX): https://tradeblock.com/markets/dlcx.

The objective of the Fund’s investments is that its shares reflect the value of the fund’s components held by the Fund, less its costs and other liabilities. To date, the Fund has not met its investment objective and the shares quoted on OTCQX did not reflect the value of the Fund’s components held by the Fund, less the Fund’s costs and other liabilities, but instead traded at a significant premium over such value.

The fund is an investment asset with shares addressed to investors, providing a familiar structure for financial and tax advisors and easy transferability to users under real estate laws. In addition, the shares qualify for holding on certain IRAs, Roth IRAs and other brokerage and investor accounts.

For more information visit: https://grayscale.co/investors/.

Grayscale issues this release in accordance with OTCQX’s data disclosure obligations®. The Fund’s annual report and other disclosures, published to meet the guidelines for publishing alternative reporting standards for OTCQX, are available at https://www.otcmarkets.com/stock/GDLC/disclosure.

* The composition of the Fund is assessed quarterly to remove existing components of the Fund or to include new components of the Fund in its portfolio, in accordance with the Fund Construction Criteria set out in Grayscale. Additional information on the criteria for building the Fund can be found in the annual report available at https://backend.otcmarkets.com/otcapi/company/financial-report/258607/content.

This press release is not an offer to sell or solicit an offer to purchase any security in any jurisdiction in which such an offer or solicitation would be illegal, nor will there be any sale of any security in any jurisdiction in which such an offer is made, seeking or selling would be illegal prior to registration or qualification under the securities laws of that jurisdiction.

About investments in gray tones®
Grayscale Investments is the world’s largest digital currency asset manager, with more than $ 46 billion in assets under management since April 5, 2021. Through its family of 14 investment products, Grayscale provides access and exposure to digital currency asset class in the form of security without the challenge of direct purchase , storage and safekeeping of digital currencies. With proven experience and unrivaled experience, Grayscale products operate within existing regulatory frameworks, creating safe and harmonized exposure for investors. For more information visit greyscale.co or follow us on Twitter, @Grayscale.

CONTACT: press@grayscale.co