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Grayscale Announces Private Placement Opportunities for Investors, Removes XRP from Digital Large Cap Fund


Grayscale Announces Private Placement Opportunities for Investors, Removes XRP from Digital Large Cap Fund
January 12, 2021 @ 11:22 am By JD Alois
Grayscale, a digital asset firm that has created a squadron of publicly-traded crypto funds, has announced that private placements for certain funds are now available for accredited investors.
An accredited investor is an individual that earns over $200,000 per year ($300,000 if married) or has a net worth of $1 million (not counting a primary residence.
Grayscale says these offerings occur on a periodic basis throughout the year.
Recently, Grayscale filed a series of Reg D documents with the Securities and Exchange Commission. These documents provide additional information such as the current amount invested and number of existing investors. For example, the Grayscale Bitcoin Trust reports over $5.5 billion in sales from 837 investors. A minimum of $50,000 is required to participate in the offering. Other funds requ ....

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