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Grayscale CoinDesk Crypto 5 ETF (GDLC) adds Binance to index venues

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Grayscale CoinDesk Crypto 5 ETF filed an update explaining changes to the trading platforms used by its index provider, CoinDesk Indices, to calculate the Index Prices for the fund’s digital asset components.

Effective March 17, 2026, Binance was added as a Constituent Trading Platform for Ether-USD, SOL-USD, and BNB-USD trading pairs. No existing platforms were removed in this scheduled monthly review. The Index Price for each component is based on CoinDesk Benchmark Rates, calculated at 4:00 p.m. New York time on business days. The index provider can adjust constituent trading venues or other aspects of Index Price calculation over time, subject to its stated criteria and periodic reviews.

Positive

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Negative

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Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Understanding 8-K Material Events →
false000172999700017299972026-03-172026-03-17

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 17, 2026

 

 

Grayscale CoinDesk Crypto 5 ETF

(Exact name of Registrant as Specified in Its Charter)

 

 

Cayman Islands

001-42855

98-1406784

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

c/o Grayscale Investments Sponsors, LLC

290 Harbor Drive, 4th Floor

 

Stamford, Connecticut

 

06902

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 212 668-1427

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Grayscale CoinDesk Crypto 5 ETF Shares

 

GDLC

 

NYSE Arca, Inc.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Item 8.01. Other Events.

On March 17, 2026, CoinDesk Indices, Inc. (the “Index Provider”) announced a change to the Digital Asset Trading Platforms used to calculate the Index Price (the “Constituent Trading Platforms”) for certain Fund Components of Grayscale CoinDesk Crypto 5 ETF (the “Fund”).

The Fund values each Fund Component it holds for operational purposes by reference to an Index Price. The “Index Price” of each Fund Component is the U.S. dollar value of each Fund Component derived from the Constituent Trading Platforms that are reflected in each Fund Component’s CoinDesk Benchmark Rate, calculated at 4:00 p.m., New York time, on each business day.

Prior to the changes announced on March 17, 2026, the Constituent Trading Platforms used to calculate the Index Price for each respective Fund Component were as follows:

•
Bitcoin:
o
Bitcoin-U.S. Dollar (“USD”) Trading Pairs: Bitfinex, Bitstamp by Robinhood (“Bitstamp”), Bullish, Crypto.com, Gemini, Kraken, LMAX Digital, and OKX.
o
Bitcoin-U.S. Dollar Coin (“USDC”) Trading Pairs: Bitstamp, Bullish, Bybit, Kraken, and OKX.
•
Ether:
o
Ether-USD Trading Pairs: Bitfinex, Bitstamp, Bullish, Crypto.com, Gemini, Kraken, LMAX Digital, and OKX.
o
Ether-USDC Trading Pairs: Bitstamp, Bullish, Bybit, Kraken, and OKX.
•
XRP:
o
XRP-USD Trading Pairs: Bitfinex, Bitstamp, Crypto.com, Gemini, Kraken, LMAX Digital, and OKX.
o
XRP-USDC Trading Pairs: Bullish, Bybit, Kraken, OKX, and Bitstamp.
•
SOL:
o
SOL-USD Trading Pairs: Bitfinex, Bitstamp, Bullish, Crypto.com, Gemini, Kraken, LMAX Digital, and OKX.
o
SOL-USDC Trading Pairs: Bullish, Bybit, Kraken, OKX, and Bitstamp.
•
BNB:
o
BNB-USD Trading Pairs: Kraken, OKX, and Bitstamp.
o
BNB-USDC Trading Pairs: Binance, Bybit, Gate, Kraken, and OKX.

Effective March 17, 2026, the Index Provider added Binance (Ether-USD, SOL-USD, and BNB-USD trading pairs) as a Constituent Trading Platform used to calculate the Index Prices for Ether, SOL, and BNB due to the trading platform meeting the Index Provider’s conditions for inclusion, and did not remove any Constituent Trading Platforms as part of its scheduled monthly review. As of the date of this current report, the Constituent Trading Platforms used to calculate the Index Price for each respective Fund Component were as follows:

•
Bitcoin:
o
Bitcoin-USD Trading Pairs: Binance, Bitstamp, Bullish, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, and OKX.
o
Bitcoin-USDC Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Gate, Kraken, and OKX.
•
Ether:
o
Ether-USD Trading Pairs: Bitstamp, Bullish, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, OKX, and Binance.
o
Ether-USDC Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Gate, Kraken, and OKX.
•
XRP:
o
XRP-USD Trading Pairs: Bitstamp, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, and OKX.
o
XRP-USDC Trading Pairs: Binance, Bullish, Bybit, Gate, Kraken, OKX, and Bitstamp.
•
SOL:
o
SOL-USD Trading Pairs: Bitstamp, Bullish, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, OKX, and Binance.
o
SOL-USDC Trading Pairs: Binance, Bullish, Bybit, Gate, Kraken, OKX, and Bitstamp.
•
BNB:
o
BNB-USD Trading Pairs: Kraken, OKX, Bitstamp, and Binance.
o
BNB-USDC Trading Pairs: Binance, Bybit, Gate, Kraken, and OKX.

The Index Provider may change the trading venues that are used to calculate an Index Price, or otherwise change the way in which an Index Price is calculated, at any time. For example, the Index Provider has scheduled monthly reviews, in which it may add or remove Constituent Trading Platforms that satisfy or fail the criteria described in “Item 1. Business—Overview of the Digital Asset Industry and Market—The Index Prices” in the Fund’s Annual Report on Form 10-K for the year ended June 30, 2025, as filed with the Securities and Exchange Commission on September 5, 2025.

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

Grayscale Investments Sponsors, LLC, as Manager of Grayscale CoinDesk Crypto 5 ETF

 

 

 

 

Date:

March 20, 2026

By:

/s/ Edward McGee

 

 

 

Name: Edward McGee
Title: Chief Financial Officer (Principal Financial and Accounting Officer)*

* The Registrant is a fund and the identified person signing this report is signing in their capacity as an authorized officer of Grayscale Investments Sponsors, LLC, the Manager of the Registrant.

 

 

Source: View Original Filing on SEC EDGAR

FAQ

What did Grayscale CoinDesk Crypto 5 ETF (GDLC) disclose in this 8-K?

The filing explains that CoinDesk Indices, the index provider for Grayscale CoinDesk Crypto 5 ETF, updated the trading platforms used to calculate Index Prices for several digital assets, adding Binance for specific trading pairs while keeping existing platforms unchanged.

Which trading pairs gained Binance as a venue for GDLC’s index pricing?

Effective March 17, 2026, Binance was added as a Constituent Trading Platform for Ether-USD, SOL-USD, and BNB-USD trading pairs used in calculating Index Prices for Grayscale CoinDesk Crypto 5 ETF’s underlying components, alongside other existing platforms.

How are Index Prices calculated for Grayscale CoinDesk Crypto 5 ETF (GDLC)?

Index Prices reflect the U.S. dollar value of each digital asset component, derived from designated Constituent Trading Platforms included in each CoinDesk Benchmark Rate and calculated at 4:00 p.m. New York time on each business day for operational valuation purposes.

Can the index provider change trading venues for GDLC’s components in the future?

Yes. The filing notes that CoinDesk Indices may change trading venues used to calculate Index Prices or modify calculation methods at any time, including during scheduled monthly reviews based on criteria described in the fund’s Form 10-K business overview.

Did the Grayscale CoinDesk Crypto 5 ETF remove any trading platforms in this update?

No trading platforms were removed. The 8-K states that, as part of the March 17, 2026 scheduled monthly review, Binance was added for certain USD trading pairs while all existing Constituent Trading Platforms remained in place.

Which digital assets are identified as components of GDLC’s index in this filing?

The filing describes trading venues for Bitcoin, Ether, XRP, SOL, and BNB. For each asset, it lists the USD and USDC trading pairs and the specific exchanges used as Constituent Trading Platforms feeding into the CoinDesk Benchmark Rates.

Filing Exhibits & Attachments

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