Grayscale CoinDesk Crypto 5 ETF (GDLC) is the first U.S.-listed multi-asset crypto ETP on NYSE Arca, offering diversified exposure to Bitcoin, Ether, XRP, Solana, and Cardano via the CoinDesk 5 Index with quarterly rebalancing and coverage of over 90% of crypto market capitalization.
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First U.S. multi-asset crypto ETP on NYSE Arca
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Tracks the CoinDesk 5 Index and rebalances quarterly for alignment with market leaders
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Provides exposure to BTC, ETH, XRP, SOL, ADA and represented 92.83% of market cap (CoinDesk, 7/31/2025)
Grayscale CoinDesk Crypto 5 ETF (GDLC) launches on NYSE Arca, offering broad multi-asset crypto exposure to BTC, ETH, XRP, SOL, ADA—learn fund details, index methodology, and risk considerations.
What is the Grayscale CoinDesk Crypto 5 ETF (GDLC)?
Grayscale CoinDesk Crypto 5 ETF (GDLC) is a U.S.-listed multi-asset exchange traded product (ETP) that delivers consolidated exposure to the five largest and most liquid crypto assets: Bitcoin, Ether, XRP, Solana, and Cardano. The Fund tracks the CoinDesk 5 Index and rebalances quarterly to reflect market leadership and liquidity.
How does GDLC provide diversified crypto exposure?
GDLC holds exposure to five selected digital assets rather than a single token, enabling broad participation in the asset class while simplifying custody and access via an ETP wrapper. The CoinDesk 5 Index methodology focuses on circulating supply market capitalization and 90‑day median daily traded value to determine eligibility and weightings (Source: Grayscale; CoinDesk, 7/31/2025).
Why is GDLC notable for investors?
GDLC is notable as the first multi-asset crypto ETP listed on NYSE Arca in the U.S., offering a single security that represents diversified market exposure. It aims to cover more than 90% of the asset class market capitalization, making it a potential tool for investors seeking broad, liquid digital-asset access without direct custody of tokens.
Frequently Asked Questions
What is the difference between GDLC and a ’40 Act ETF?
GDLC is an exchange traded product that is not registered under the Investment Company Act of 1940, meaning it is subject to a different regulatory framework and does not carry the same protections as ’40 Act-registered ETFs.
How much market coverage does the CoinDesk 5 Index provide?
The CoinDesk 5 Index, which GDLC tracks, represented 92.83% of total cryptocurrency market capitalization as of July 31, 2025 (Source: CoinDesk, 7/31/2025).
How should investors approach the risks of GDLC?
Investors should treat GDLC as a high-risk investment: crypto assets are volatile and can be illiquid. Review the prospectus, consider risk tolerance, and consult financial advisors before investing.
Key Takeaways
- Market-first: GDLC is the first multi-asset crypto ETP listed on NYSE Arca in the U.S.
- Diversified exposure: Concentrates on five large, liquid digital assets for broad market participation.
- Index-driven: Tracks the CoinDesk 5 Index with quarterly rebalancing and substantial market-cap coverage.
- Regulatory note: GDLC is not ’40 Act-registered; investors face different protections and operational considerations.
Conclusion
The Grayscale CoinDesk Crypto 5 ETF (GDLC) introduces a regulated market vehicle for diversified crypto exposure through the CoinDesk 5 Index, offering a consolidated approach to BTC, ETH, XRP, SOL, and ADA. Investors should weigh the Fund’s broad coverage and rebalancing benefits against ETP-specific risks and regulatory differences, and consult the official prospectus and professional advisors for decisions.
Publication: COINOTAG — Stamford, Conn., September 2025. Updated: September 2025.
Crypto Investing Risk Warning: Crypto assets are highly volatile. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. Read official fund disclosures and the prospectus before investing. Source materials include Grayscale and CoinDesk data (as cited above).
