Grayscale’s GDLC May Become a Multi-Crypto ETF, Offering Bitcoin, Ethereum and Major Altcoin Exposure

• First multi‑crypto ETF approved for public conversion

• GDLC holds Bitcoin, Ethereum and major altcoins with XRP at ~5.2% of the fund

• Fund assets: $915.6 million as of Sept. 17; Grayscale remains a crypto ETF trailblazer

Meta description: GDLC ETF news: Grayscale’s multi-crypto ETF offers BTC, ETH and altcoin exposure; $915.6M assets, XRP 5.2%—read the latest on GDLC and what investors should know.

What is the Grayscale Digital Large Cap Fund (GDLC) ETF?

GDLC ETF is a Grayscale product converted from a private placement that provides regulated exposure to multiple leading cryptocurrencies, including Bitcoin and Ethereum. The ETF aggregates large‑cap digital assets to offer investors a single, diversified vehicle for mainstream market access.

How does the GDLC ETF allocate assets?

The fund combines Bitcoin (BTC), Ethereum (ETH) and a selection of major altcoins. XRP holds about 5.2% of the fund and is the third‑largest constituent. As of Sept. 17, GDLC reported total assets of $915.6 million.

When did GDLC move from private placement to ETF?

GDLC debuted as a private placement in early 2018 for accredited investors and later traded over the counter. In early July, the SEC approved the fund’s conversion to an ETF before initiating a brief administrative review. Grayscale states the team is working “expeditiously” to finalize market launch.

Frequently Asked Questions

Is GDLC the first multi‑crypto ETF in the U.S.?

Yes. The GDLC ETF is described by Grayscale as the first multi‑crypto or “combo” ETF offering regulated exposure to multiple leading cryptocurrencies in a single vehicle.

How does GDLC compare to single‑asset ETFs like BTC or ETH funds?

GDLC provides diversified exposure across major digital assets, reducing single‑asset concentration risk. Single‑asset ETFs concentrate on one token and may offer narrower, higher‑beta exposure.

Key Takeaways

• First mover advantage: Grayscale’s GDLC converts a private vehicle into the first U.S. multi‑crypto ETF, continuing its product innovation trend.
• Diversified exposure: GDLC includes BTC, ETH and altcoins; XRP is ~5.2% and the fund held $915.6M as of Sept. 17.
• Regulatory context: The SEC approved the ETF conversion, with Grayscale navigating administrative review while preparing for market distribution.

Conclusion

The Grayscale Digital Large Cap Fund (GDLC ETF) marks a notable step toward broader, regulated access to diversified cryptocurrency exposure. With $915.6M in assets and a meaningful XRP allocation, GDLC could reshape institutional and retail allocation strategies. Monitor official Grayscale updates and regulatory notices for launch details and trading availability.

Published by COINOTAG — Published: 2025-09-18 — Updated: 2025-09-18