Grayscale CoinDesk Crypto 5 ETF (GDLC) clarifies X cashtag and third-party data use

Rhea-AI Filing Summary

Grayscale CoinDesk Crypto 5 ETF filed an update explaining how it uses cashtags and third-party content on X (formerly Twitter). The manager, Grayscale Investments Sponsors, LLC, notes that when its posts include a ticker with a “$” sign, X automatically links to pages that aggregate market data, news, and commentary from outside sources. Grayscale stresses it does not control, endorse, or verify any of this third-party information, which may be inaccurate or inconsistent with its official disclosures. The ETF tells investors that authoritative, up-to-date details about Grayscale products should come from their filings with the U.S. Securities and Exchange Commission, rather than from social media cashtag pages.

8-K Event Classification

Item 8.01 — Other Events

1 item

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 →

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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): December 3, 2025

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.

Use of Cashtags and Third-Party Content on X

Grayscale Investments Sponsors, LLC, the manager of Grayscale CoinDesk Crypto 5 ETF, as well as the manager’s affiliates and their respective directors and officers (collectively, “Grayscale”) maintain a presence on X (formerly Twitter). Grayscale is not affiliated with X or any other social media site, and Grayscale has no control over how these sites or other third parties will use any information shared on any social media site.

Grayscale’s communications on X may include a ticker symbol preceded by a “$” (a “cashtag”). X automatically converts cashtags into hyperlinks that direct users to pages containing market data, news, commentary, and other content created or supplied by third parties. Grayscale does not control, endorse, or assume any responsibility for the information displayed on those X-generated pages or for any third-party websites, data sources, or services that may be accessible through them. Such information is not authorized, prepared, verified, or updated by Grayscale and may be inaccurate, incomplete, untimely, or inconsistent with Grayscale’s public disclosures. Investors in Grayscale products should not rely on any such information as having been authorized by Grayscale. For authoritative and up-to-date information about Grayscale and its investment products, please refer to Grayscale’s filings for its products with the Securities and Exchange Commission.

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:	December 3, 2025	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.

FAQ

What did Grayscale CoinDesk Crypto 5 ETF (GDLC) disclose about X cashtags?

The ETF explained that when Grayscale uses a ticker with a “$” sign on X, the platform creates pages with market data and commentary from third parties, and that Grayscale does not control or endorse this information.

Does Grayscale CoinDesk Crypto 5 ETF control the third-party pages linked from X cashtags?

No. Grayscale states it has no control over X-generated cashtag pages or any third-party websites, data sources, or services accessed through them.

Is information on X cashtag pages for GDLC authorized by Grayscale?

No. The update says such information is not authorized, prepared, verified, or updated by Grayscale and may be inaccurate, incomplete, untimely, or inconsistent with its public disclosures.

Where should GDLC investors look for official information about the ETF?

Investors are directed to Grayscale’s filings with the Securities and Exchange Commission for authoritative and up-to-date information about Grayscale and its investment products.

Is Grayscale affiliated with X (formerly Twitter) or other social media platforms?

No. Grayscale clarifies it is not affiliated with X or any other social media site and cannot control how those sites or other parties use information shared there.

Who signed the GDLC 8-K related to social media and cashtags?

The report was signed on behalf of the ETF by Edward McGee, Chief Financial Officer of Grayscale Investments Sponsors, LLC, the manager of the fund.