GDL FUND: insider trades · United States · SEC (Form 4)

About GDL FUND

GDL Fund is a U.S.-listed closed-end fund focused on digital assets, trading on the NYSE in the United States under the ticker GDL. For francophone investors, it should be viewed as a listed financial vehicle designed to provide exposure to major cryptocurrencies through a regulated exchange-traded structure, rather than a direct operating company. The fund is organized as a Delaware statutory trust and is registered under the Investment Company Act of 1940, which places it squarely in the listed funds universe. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1378701/000199937124006216/gdl-n2_051024.htm?utm_source=openai)) The fund’s legal roots go back to 2006, while its digital-asset investment strategy developed later, with a private placement for accredited investors starting in 2018. In 2020, the public ticker was changed to GDL on the OTCQX market, and the fund has continued to maintain its market presence with NYSE listing and SEC reporting. It is associated with Grayscale’s broader digital-asset investment platform, which is a well-known sponsor in the U.S. crypto investment product landscape. ([nasdaq.com](https://www.nasdaq.com/press-release/grayscale-digital-large-cap-fund-announces-ticker-symbol-change-to-gdlc-2020-04-14?utm_source=openai)) From an investment perspective, GDL Fund is designed to offer simplified access to a basket of large-cap digital currencies. Its value proposition is straightforward: investors gain market access, exchange liquidity, and operational convenience without having to manage custody, storage, or direct token ownership. At the same time, the product carries the full volatility profile of crypto markets, plus the additional risks associated with closed-end fund discounts/premiums, regulatory change, and the evolving structure of U.S. digital-asset products. ([nasdaq.com](https://www.nasdaq.com/press-release/grayscale-digital-large-cap-fund-announces-ticker-symbol-change-to-gdlc-2020-04-14?utm_source=openai)) Competitive positioning is driven less by manufacturing or technology and more by sponsor reputation, index or portfolio methodology, liquidity, and reporting quality. The fund is domiciled in the United States, with administrative ties to Rye, New York, reinforcing its anchoring in the U.S. financial market infrastructure. As a NYSE-listed product, it competes within a growing field of listed crypto exposure vehicles aimed at both retail and institutional buyers. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1378701/000127116322000015/0001271163-22-000015-index.htm?utm_source=openai)) Recent SEC filings confirm the fund’s ongoing NYSE listing and continued compliance with disclosure requirements. For investors, GDL remains a specialized high-risk allocation tool rather than a traditional equity story: it is best understood as a portfolio access product for digital assets, suitable for those seeking thematic exposure within a U.S.-listed wrapper. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1378701/000199937124006216/gdl-n2_051024.htm?utm_source=openai))