Grayscale Launches Revolutionary Multi-Asset Crypto ETF After Regulatory Approval
Wall Street's crypto giant just unleashed its most ambitious product yet—and the timing couldn't be more perfect.
The Regulatory Green Light
After months of regulatory chess matches, Grayscale secures the ultimate win. The SEC's blessing paves the way for a diversified crypto basket that finally lets traditional investors stop pretending they understand blockchain fundamentals.
Portfolio Diversification Made Simple
This isn't your grandpa's index fund. Grayscale's new ETF bundles multiple digital assets into a single trade—cutting through crypto's notorious complexity while giving brokers another product to charge excessive fees on.
Because nothing says 'financial innovation' like repackaging volatile assets into something your retirement fund might accidentally buy.
Grayscale launches GDLC ETF, offering exposure to the top five cryptocurrencies
Asset manager Grayscale rolled out GDLC, its mixed-crypto ETF and the first multi-asset crypto product in the US, the firm stated in an X post on Friday.
The fund tracks the five largest and most liquid digital assets, including Bitcoin, Ethereum, XRP, Solana and Cardano, which the firm claims account for over 90% of the total crypto market capitalization. The index excludes stablecoins USDT and USDC.
"Today, we're proud to launch Grayscale CoinDesk Crypto 5 ETF (GDLC), the first multi-asset crypto ETP in the US," wrote Grayscale CEO Peter Mintzberg in an X post on Friday.
According to the fund's website, Bitcoin accounts for 72% of the portfolio, with Ethereum representing approximately 17%, and XRP holding a 5% weight.
The launch follows the Securities & Exchange Commission's (SEC) approval of the firm's conversion of its Digital Large Cap Fund into an ETF on Wednesday. The agency initially granted Grayscale an accelerated approval to convert the fund in July, but suspended the process just a day later.
The SEC also approved generic exchange listing standards designed to accelerate the listing process for crypto ETFs. The MOVE highlights rising demand from both institutional and retail investors for diversified crypto exposure.
It also comes as market analysts predict up to 100 ETF approvals within the coming weeks, following the approval of the new listing standard.
Meanwhile, REX Shares and Osprey Funds launched the first-ever spot XRP and Doge ETFs in the US on Thursday. The funds performed well on their first day of trading, attracting notable inflows as investors anticipate additional ETF approvals.
"XRPR traded $37.7m on Day One, which edges out IVES for the biggest day one (natural) volume of any 2025 launch. DOJE is no slouch at $17m, which WOULD be Top 5 for year.. out of 710 launches," Bloomberg ETF analyst Eric Balchunas wrote on X.
Balchunas added that the inflows are a good sign for the "onslaught of 33 Act ETFs," which could go live in the coming weeks.
