The Grayscale GDLC ETF is a newly launched multi-asset crypto ETP that gives investors transparent, diversified exposure to the five largest coins—Bitcoin, Ethereum, XRP, Solana and Cardano—by weighting roughly 70% to BTC and 20% to ETH, trading now on the NYSE under ticker GDLC.
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Multi-asset exposure to top five cryptos in one ETF
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GDLC launched after SEC approval to convert the existing fund into an ETF.
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GDLC allocation: ~70% Bitcoin, ~20% Ethereum, remaining weight among XRP, Solana, Cardano.
Grayscale GDLC ETF launches on NYSE offering multi-asset crypto exposure; learn allocation, SEC context, and how investors access diversified crypto in one ticker.
What is the Grayscale GDLC ETF?
Grayscale GDLC ETF is the converted Grayscale Digital Large Cap Fund now trading as a multi-asset crypto ETP on the NYSE under ticker GDLC. The product bundles Bitcoin, Ethereum, XRP, Solana and Cardano into a single, tradable instrument for diversified market exposure.
How does GDLC allocate assets and which coins are included?
GDLC holds the five largest cryptocurrencies by market capitalization. Grayscale indicates the fund currently targets approximately 70% Bitcoin and 20% Ethereum, with the remainder split between XRP, Solana and Cardano. These five coins represent over 90% of total crypto market capitalization per Grayscale.
How did the SEC approval enable GDLC’s launch?
The Securities and Exchange Commission approved the conversion of the existing GDLC fund to an ETF, clearing the regulatory step needed for NYSE listing. This conversion followed internal filings and regulatory review; market commentators noted the SEC also approved generic listing standards that may help future spot crypto ETF filings.
What’s happening?
Grayscale launched the Grayscale CoinDesk Crypto 5 ETF (GDLC) on the NYSE after SEC approval, marking the first multi-asset crypto ETP to list in the U.S. The fund has roots in a 2018 vehicle that previously traded over the counter.
GDLC traded strongly in 2025, rising over 40% year-to-date and outperforming Bitcoin by roughly 11% since June, driven by outperformance from Ethereum, XRP, Solana and Cardano.
Market analysts, including Bloomberg commentator Eric Balchunas in plain text, have highlighted SEC moves on listing standards that could broaden spot ETF pathways under the ’33 Act.
How can investors access GDLC?
Individual and institutional investors can buy GDLC on the NYSE like any other listed ETF via brokerage accounts. Investors should review fund filings, prospectus details and tax considerations before trading.
Allocation Summary
| Asset | Approx. Allocation |
|---|---|
| Bitcoin (BTC) | ~70% |
| Ethereum (ETH) | ~20% |
| XRP | Remainder (single-digit %) |
| Solana (SOL) | Remainder (single-digit %) |
| Cardano (ADA) | Remainder (single-digit %) |
Frequently Asked Questions
Is GDLC the first multi-asset crypto ETP in the U.S.?
Yes. The GDLC ETF is the first listed multi-asset crypto ETP in the U.S., converting an existing Grayscale vehicle to provide diversified exposure under a single ticker on the NYSE.
Will GDLC affect the market for single-asset spot ETFs?
GDLC provides a complementary option to single-asset products. Regulatory approvals cited by market analysts may also facilitate future spot ETF listings, expanding investor choice without replacing single-asset demand.
Key Takeaways
- First multi-asset ETF: GDLC is the inaugural multi-asset crypto ETP listed on the NYSE.
- Concentrated exposure: The fund targets ~70% BTC and ~20% ETH, with the remainder in XRP, SOL and ADA.
- Access: Investors can trade GDLC on exchanges via brokerage accounts for diversified crypto exposure in one instrument.
Conclusion
The Grayscale GDLC ETF launches as a market-first multi-asset crypto ETP, offering a compact, diversified route to exposure across Bitcoin, Ethereum, XRP, Solana and Cardano. Investors seeking consolidated crypto allocation now have a single NYSE-listed ticker to evaluate, while regulators and market participants watch adoption and inflows closely.
Author: COINOTAG • Published: 2025-08-01 • Updated: 2025-08-01
