Grayscale Digital Large Cap (GDLC) targets NYSE Arca uplisting and Crypto 5 ETF name change

Rhea-AI Filing Summary

Grayscale Digital Large Cap Fund LLC reported two planned changes related to its shares. The manager announced that the Fund’s shares are anticipated to begin trading on NYSE Arca on or about September 19, 2025 under the symbol “GDLC”, subject to required regulatory approvals and with no assurance the listing will occur on this timeline or at all.

The manager also announced an intention to change the Fund’s name to Grayscale CoinDesk Crypto 5 ETF, effective on or about September 18, 2025, also subject to regulatory approvals. Existing stock certificates remain valid and do not need to be exchanged in connection with the name change.

Insights

ETF and fund-structure analyst

Fund targets NYSE Arca uplisting and a rebrand to a new crypto ETF name.

The disclosure states that Grayscale Digital Large Cap Fund LLC anticipates its shares trading on NYSE Arca around September 19, 2025 under the symbol “GDLC.” This represents a move to a national securities exchange, but it remains explicitly contingent on regulatory approvals.

The manager also plans to rename the vehicle to Grayscale CoinDesk Crypto 5 ETF around September 18, 2025, amending the existing LLC agreement to reflect the new name. The text emphasizes that current share certificates stay valid, which helps maintain continuity for existing holders despite the planned listing venue and branding changes.

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): September 18, 2025

Grayscale Digital Large Cap Fund LLC

(Exact name of Registrant as Specified in Its Charter)

Cayman Islands			000-56284	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(g) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Grayscale Digital Large Cap Fund LLC Shares		GDLC		N/A

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.

Anticipated NYSE Arca Listing Date Announcement

On September 18, 2025, Grayscale Investments Sponsors, LLC, the manager (the “Manager”) of Grayscale Digital Large Cap Fund LLC (the “Fund”) announced that the Shares of the Fund were anticipated to begin trading on NYSE Arca Inc. (“NYSE Arca”) on or about September 19, 2025 (“Uplisting Date”), under the trading symbol “GDLC,” subject to the receipt of certain regulatory approvals.

No assurance can be given that the Shares of the Fund will list and trade on the Manager’s anticipated timeline, or at all.

Registrant Name Change Announcement

On September 18, 2025, the Manager of the Fund announced its intention to change the name of the Fund to Grayscale CoinDesk Crypto 5 ETF, effective on or about September 18, 2025, subject to the receipt of certain regulatory approvals. In connection with the name change, the Manager plans to amend the Second Amended and Restated Limited Liability Company Agreement (the “LLC Agreement”), dated as of March 7, 2018, as may be further amended from time to time, to reflect the name change.

Subject to the regulatory approvals described herein, Shares of the Fund are expected to begin trading on NYSE Arca, under the new name, and the trading symbol “GDLC”. Outstanding stock certificates for shares of the Fund are not affected by the name change; they continue to be valid and need not be exchanged.

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 Digital Large Cap Fund LLC
Date:	September 18, 2025	By:	/s/ Edward McGee
			Edward McGee Chief Financial 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 Digital Large Cap Fund LLC (GDLC) announce in this 8-K?

Grayscale Digital Large Cap Fund LLC announced an anticipated NYSE Arca listing and a planned name change. The manager expects GDLC shares to trade on NYSE Arca and intends to rename the fund Grayscale CoinDesk Crypto 5 ETF, both subject to required regulatory approvals.

When are GDLC shares expected to begin trading on NYSE Arca?

The shares are anticipated to begin trading on NYSE Arca on or about September 19, 2025. Trading is expected under the symbol “GDLC,” but the disclosure notes this timing, and the listing itself, depend on receiving certain regulatory approvals.

What new name is planned for Grayscale Digital Large Cap Fund LLC (GDLC)?

The fund is expected to be renamed Grayscale CoinDesk Crypto 5 ETF. The name change is targeted for on or about September 18, 2025, and the manager plans to amend the existing LLC Agreement to reflect this new name, subject to regulatory approvals.

Will the GDLC ticker change after the NYSE Arca listing and name change?

The filing states that GDLC shares are expected to trade on NYSE Arca under the symbol “GDLC.” After the planned name change to Grayscale CoinDesk Crypto 5 ETF, the shares are still expected to trade using the same GDLC symbol, pending approvals.

Are existing GDLC stock certificates affected by the planned fund name change?

Existing GDLC stock certificates are not affected by the name change. The filing states that all currently outstanding certificates will remain valid and do not need to be exchanged when the fund is renamed Grayscale CoinDesk Crypto 5 ETF, assuming the change becomes effective.

Are the NYSE Arca listing and name change for GDLC guaranteed to occur?

No, the filing specifically notes there is no assurance the listing will occur on the anticipated timeline or at all. Both the expected NYSE Arca trading date and the name change to Grayscale CoinDesk Crypto 5 ETF depend on receiving certain regulatory approvals.