Key stats
About Grayscale CoinDesk Crypto 5 ETF
Home page
Inception date
Sep 19, 2025
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
Ordinary Income
Primary advisor
Grayscale Investments Sponsors LLC
ISIN
KYG407051088
GDLC converted from Grayscale Digital Large Cap Fund LLC and begins trading with $865 million in assets. It offers passive exposure to the five largest and most liquid digital assets by market-cap. Largest is defined by circulating supply, and most liquid is defined by 90-day daily valued traded. In addition to market-cap, asset selection is based on liquidity, custodian availability, platform listings, and other criteria, with Bitcoin and Ether as core components. The index excludes stablecoins, memecoins, privacy/gas tokens, wrapped tokens, staked or pegged assets. Reconstitutions are conducted quarterly. GDLC is regulated under Cayman Islands law. It is not subject to the same regulations and protections as 40Act ETFs. Initially launching as a private fund in 2018, it began trading OTC in 2019. Prior to June 5, 2025, the mutual fund tracked the CoinDesk Large Cap Select Index (DLCS) and experienced large premiums and discounts. The NAV for the fund is calculated each day at 4:00pm EST by digital asset trading platforms. US investors are required to file a 8621 form each year at tax time regarding PFIC.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
GDLC assets under management is 717.82 M USD. It's fallen 16.99% over the last month.
GDLC fund flows account for −134.72 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, GDLC doesn't pay dividends to its holders.
GDLC shares are issued by Grayscale Investments Sponsors LLC under the brand Grayscale. The ETF was launched on Sep 19, 2025, and its management style is Passive.
GDLC expense ratio is 0.59% meaning you'd have to pay 0.59% of your investment to help manage the fund.
GDLC follows the CoinDesk 5 Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
GDLC trades at a premium (0.15%) meaning the ETF is trading at a higher price than the calculated NAV.