With approximately $1.5 billion of assets under management and a five-year track record, Grayscale is one of the world’s largest digital asset managers. Grayscale is a subsidiary of Digital Currency Group, which provides access to the world’s biggest network of digital currency intelligence to build products that provide institutional investors—including many hedge funds and family offices—with tools to access the cryptocurrency asset class. Through our eight investment products, our goal is to provide secure access to digital assets for institutional investors through a security that fits within their operational and legal infrastructure. Investors use our products for targeted exposure to specific digital assets or passive exposure through our digital large cap fund. Given that digital assets have shown to be uncorrelated with other asset classes, at Grayscale, we believe 0.25% - 2.0% can enhance a strategic asset allocation without increasing a portfolio's overall risk profile.