Grayscale, the company that launched Bitcoin Investment Trust, launches new ‘Digital Large Cap Fund’. The Fund is tied to 5 top cryptocurrencies. Each digital asset will be evaluated, less the fund’s expenses and other liabilities.
Grayscale’s application for Bitcoin Investment Trust has recently been withdrawn by NYSE Arca exchange.
The Bitcoin Investment Trust, which began trading on May 4, is believed to boost the acceptance of digital currency by investors.
Bitcoin shares are publicly traded for the first time.