Grayscale, one of the largest cryptocurrency-focused investment firms globally, has announced the launch of an ETF that includes Bitcoin and four altcoins.
Introduction of the Grayscale CoinDesk Crypto 5 ETF
Today, Grayscale revealed that the Grayscale CoinDesk Crypto 5 ETF (GDLC), previously known as the Grayscale Digital Large Cap Fund, is now trading on NYSE Arca as a multi-asset ETP. This makes it the first of its kind in the United States.
GDLC was presented as the premier multi-asset crypto ETP, allowing investments in the five largest and most liquid cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
By concentrating on BTC, ETH, SOL, ADA, and XRP, GDLC provides investment opportunities covering over 90% of the market capitalization of the asset class, making it a compelling choice for investors looking for broad engagement in the cryptocurrency ecosystem.
“GDLC offers broad exposure to the crypto asset class, focusing on the most current market leaders: Bitcoin, Ethereum, Solana, XRP, and ADA,” said Grayscale. “In this context, GDLC provides access to over 90% of the crypto market capitalization through a single fund.”
Peter Mintzberg, CEO of Grayscale, stated, “Today’s listing marks a historic milestone for the entire crypto ETP world. For nearly a decade, the Grayscale CoinDesk Crypto 5 ETF has been catering to the increasing demand from investors for diversified crypto exposure. As more investors turn to ETP suites for their crypto investments, GDLC is an innovation designed to fulfill this need, offering simplicity and transparent access to the largest and most liquid crypto assets.”
This is not investment advice!
