CoinDesk Crypto 5: America’s First Multi-Asset Crypto ETF Revolutionizes Digital Investing

Wall Street meets blockchain in a groundbreaking financial innovation.

The CoinDesk Crypto 5 ETF shatters traditional investment barriers by bundling five major cryptocurrencies into a single, regulated trading vehicle—finally giving mainstream investors diversified crypto exposure without the wallet headaches.

Five Assets, One Ticket

This isn't your grandpa's index fund. The ETF tracks Bitcoin, Ethereum, and three other top-performing digital assets, offering instant diversification across the crypto spectrum. No more picking winners or worrying about individual coin volatility.

Regulation Meets Revolution

SEC approval means institutional money can finally flow into crypto without regulatory hesitation—because nothing says 'legitimate' like government paperwork on decentralized assets.

The diversification play conservative portfolios have been waiting for... wrapped in the disruptive packaging Wall Street still pretends to understand.

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.

Introducing Grayscale CoinDesk Crypto 5 ETF (Ticker: $GDLC), our newest fund tracking the 5 most established (largest and most liquid) cryptocurrencies.¹ $GDLC offers broad exposure to the crypto asset class while focusing on the most current market leaders #Bitcoin, #Ethereum,… pic.twitter.com/ev1t7aSjyP

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.”

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/ *significant* demand, esp from financial advisors.

Will be *huge* category.

ETF Expert Nate Geraci believes both index-based and actively managed spot crypto ETFs will see strong demand, particularly from financial advisors.

The Regulatory Shift

This comes after the SEC recently approved Grayscale’s bid to convert its Digital Large Cap Fund (GDLC) into a tradable exchange-traded product on NYSE Arca. It had previously delayed the decision for further review. 

The SEC also fast-tracked the new generic listing standards for crypto ETFs. SEC Chair Paul Atkins said the change will “maximize investor choice and foster innovation” by streamlining the listing process and reducing barriers to access digital asset products.

What’s Next for Crypto ETFs

Industry experts note that this could trigger a wave of new ETFs.

Bitwise CIO Matt Hougan said that the SEC’s proposed generic listing standards could “blow the market wide open.”

This is such a good point. The last time they implemented a generic listings standards for ETF, launches tripled. Good chance we see north of 100 crypto ETFs launched in the next 12mo. https://t.co/5sxMKL9FEE

He pointed to the SEC’s 2019 “ETF Rule” for traditional ETFs, which tripled annual launches from about 117 to nearly 370. Bloomberg’s Eric Balchunas suggests that more than 100 new crypto ETFs could debut within the next year.