Grayscale Investments, the world’s biggest digital asset investment platform, has launched the Grayscale CoinDesk Crypto 5 ETF on NYSE Arca, marking a major milestone for the U.S. digital asset market.
This fund, previously called the Grayscale Digital Large Cap Fund, is now trading as the first multi-asset crypto exchange-traded product (ETP) available in the U.S. It gives investors access to the five largest and most liquid cryptocurrencies: Bitcoin, Ether, XRP, Solana, and Cardano.
By focusing on these established assets, the fund offers a straightforward way to tap into the broader digital asset market. The portfolio rebalances every quarter to stay aligned with the top-performing assets, tracking the CoinDesk 5 Index.
GDLC covers over 90% of the total crypto market capitalization, giving investors broad, diversified exposure to the digital asset ecosystem. GDLC’s portfolio is weighted as follows: Bitcoin 72.23%, Ethereum 17.12%, XRP 5.62%, Solana 4.03%, and Cardano 1.00%.
Industry Reactions
Peter Mintzberg, CEO of Grayscale called it “a historic milestone for the entire crypto ETP landscape.”
“Grayscale CoinDesk Crypto 5 ETF has met the growing investor demand for diverse exposure to crypto for nearly a decade and investors are increasingly turning to the ETP wrapper for their crypto exposure,” he added.
Looks like first index-based spot crypto ETF launches tomorrow…
Grayscale CoinDesk Crypto 5 ETF
Holds btc, eth, xrp, sol, & ada.
IMO, index-based & actively managed spot crypto ETFs will be met w/ *significantdemand, esp from financial advisors.
Will be *hugecategory.
— Nate Geraci (@N