Welcome to our dedicated page for Grayscale CoinDesk Crypto 5 ETF SEC filings (Ticker: GDLC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Grayscale CoinDesk Crypto 5 ETF filings document the Fund's digital-asset portfolio, manager oversight and index-based operating framework. Material-event reports describe quarterly reviews and rebalances conducted by Grayscale Investments Sponsors, LLC under the CoinDesk 5 Index Methodology, including additions, removals and relative share exposure for Fund Components.
The filings also record how CoinDesk Indices, Inc. supplies Index Prices through CoinDesk Benchmark Rates and constituent trading platforms for Bitcoin, Ether, XRP, Solana, BNB and other eligible digital assets. Periodic reports and 8-K disclosures cover portfolio composition, valuation inputs, share component information, social-media disclosure controls and related fund risk disclosures.
Grayscale Digital Large Cap Fund (GDLC) reported a Form 144 notice for a proposed sale of 12,000 common shares through Canaccord Genuity Corp on or about 10/28/2025 on the OTCQX, with an aggregate market value of $665,760.
The seller, DCG International Investments Ltd, acquired these shares in a privately negotiated transaction on 09/22/2020 for cash. The notice also lists recent activity, including 12,000 shares sold on 10/27/2025 for $669,169.20 and 12,000 shares on 10/24/2025 for $638,216.40. Shares outstanding are shown as 11,887,400.
GDLC: DCG International Investments Ltd filed a Form 144 for a proposed sale of 12,000 shares of common stock through Canaccord Genuity Corp on OTCQX, with an aggregate market value of $669,169.20 and an approximate sale date of 10/27/2025.
The filing lists 11,887,400 shares outstanding. The seller acquired 12,000 shares on 09/22/2020 in a privately negotiated transaction from the issuer for cash. The disclosure also notes a sale on 10/24/2025 of 12,000 shares with gross proceeds of $638,216.40.
GDLC: A holder filed a Form 144 notice to sell up to 12,000 common shares. The filing lists an aggregate market value of $638,216.40 and an approximate sale date of 10/24/2025 on OTCQX, with Canaccord Genuity Corp as broker.
The shares were acquired on 09/22/2020 via a privately negotiated transaction, purchased from the issuer for cash. Shares outstanding were 11,887,400; this is a baseline figure, not the amount being sold.
Grayscale CoinDesk Crypto 5 ETF reported an index methodology update. On October 21, 2025, CoinDesk Indices added Bitstamp as a Constituent Trading Platform for the SOL‑USDC and XRP‑USDC trading pairs used to calculate the Fund’s Index Prices.
The Fund values each component at the Index Price, derived from designated trading venues via the CoinDesk CCIXber Reference Rate at 4:00 p.m. New York time on business days. The Index Provider conducts scheduled monthly reviews and may add or remove venues that meet its inclusion criteria.
Grayscale CoinDesk Crypto 5 ETF (GDLC) reported an internal reorganization of its manager’s corporate structure. On October 22, 2025, Grayscale Investments, Inc. became the sole managing member of Grayscale Operating, LLC, which is the sole member of Grayscale Investments Sponsors, LLC, the Fund’s Manager.
DCG Grayscale Holdco, LLC elected a board at Grayscale Investments comprised of Barry Silbert (Chairperson), Mark Shifke, Simon Koster, Peter Mintzberg, and Edward McGee, the same individuals who served on the prior board. The Fund stated it does not expect any material impact on operations from this change.
Grayscale CoinDesk Crypto 5 ETF disclosed a leadership change at its sponsor’s governance level. On October 13, 2025, Matthew Kummell stepped down from the Board of GSO Intermediate Holdings Corporation (the sole managing member of Grayscale Operating, LLC and sole member of Grayscale Investments Sponsors, LLC), and Simon Koster was appointed to the Board.
Koster is Chief Strategy Officer at Digital Currency Group, where he leads investments across digital assets, subsidiaries, and a portfolio of more than 250 companies in over 35 nations. He also serves on the boards of Foundry and Luno (since 2023), Fortitude (since 2024), and Yuma (since 2025), each affiliated with Grayscale.
Grayscale CoinDesk Crypto 5 ETF entered new core operating agreements for custody, prime brokerage, and fund administration. On October 3, 2025, the Manager and the Fund signed a new Coinbase Prime Broker Agreement covering custodial and prime broker services for the Fund’s digital assets.
On October 9, 2025, the Manager engaged BNY Mellon Asset Servicing under a new Fund Administration and Accounting Agreement for administrative and accounting services. In connection with these updates, the prior Coinbase prime broker agreement and the prior BNY administration and accounting agreement were terminated as of the same respective dates.
Grayscale CoinDesk Crypto 5 ETF filed an update describing a technical change to how it values one of its crypto holdings. The fund relies on an Index Price for each Fund Component, calculated in U.S. dollars from trading data on selected digital asset trading platforms at 4:00 p.m. New York time each business day.
Effective September 16, 2025, the Index Provider, CoinDesk Indices, Inc., added the OKX ADA-USD trading pair as a Constituent Trading Platform for ADA. This means ADA’s Index Price now reflects trading activity from Bitfinex, Bitstamp, Crypto.com, Kraken, and OKX for ADA-USD pairs, while ADA-USDC pairs remain based on Bybit, Kraken, and OKX. The filing also notes that the Index Provider can change venues or the calculation methodology over time, including during scheduled quarterly reviews.
Grayscale CoinDesk Crypto 5 ETF filed an update describing a technical change to how it values one of its crypto holdings. The fund relies on an Index Price for each Fund Component, calculated in U.S. dollars from trading data on selected digital asset trading platforms at 4:00 p.m. New York time each business day.
Effective September 16, 2025, the Index Provider, CoinDesk Indices, Inc., added the OKX ADA-USD trading pair as a Constituent Trading Platform for ADA. This means ADA’s Index Price now reflects trading activity from Bitfinex, Bitstamp, Crypto.com, Kraken, and OKX for ADA-USD pairs, while ADA-USDC pairs remain based on Bybit, Kraken, and OKX. The filing also notes that the Index Provider can change venues or the calculation methodology over time, including during scheduled quarterly reviews.
Grayscale CoinDesk Crypto 5 ETF reports several structural changes as its Shares begin trading on NYSE Arca under the ticker GDLC. The fund entered into new Authorized Participant agreements with Jane Street Capital, Macquarie Capital (USA), and Virtu Americas, allowing them to create and redeem Baskets of 10,000 Shares through cash-only orders, while in-kind creations and redemptions remain unavailable pending potential exchange rule changes and related regulatory approvals.
The ETF’s manager approved a redemption program and updated the creation and redemption mechanics, including detailed cash-order processes that use third-party Liquidity Providers. The fund also adopted a Third Amended and Restated LLC Agreement and appointed BNY Mellon as transfer agent, replacing Continental as primary transfer agent, though Continental will remain co-transfer agent as of the uplisting date.
The filing further formalizes a policy, in place since 2019 and now extended, under which the fund irrevocably abandons any forked digital assets and related airdrops, so future Share value will not reflect such Forked Assets. The fund also updates its U.S. federal income tax disclosure for U.S. holders and adds new defined terms governing cash creation and redemption mechanics.
Grayscale CoinDesk Crypto 5 ETF reports several structural changes as its Shares begin trading on NYSE Arca under the ticker GDLC. The fund entered into new Authorized Participant agreements with Jane Street Capital, Macquarie Capital (USA), and Virtu Americas, allowing them to create and redeem Baskets of 10,000 Shares through cash-only orders, while in-kind creations and redemptions remain unavailable pending potential exchange rule changes and related regulatory approvals.
The ETF’s manager approved a redemption program and updated the creation and redemption mechanics, including detailed cash-order processes that use third-party Liquidity Providers. The fund also adopted a Third Amended and Restated LLC Agreement and appointed BNY Mellon as transfer agent, replacing Continental as primary transfer agent, though Continental will remain co-transfer agent as of the uplisting date.
The filing further formalizes a policy, in place since 2019 and now extended, under which the fund irrevocably abandons any forked digital assets and related airdrops, so future Share value will not reflect such Forked Assets. The fund also updates its U.S. federal income tax disclosure for U.S. holders and adds new defined terms governing cash creation and redemption mechanics.
Grayscale CoinDesk Crypto 5 ETF (GDLC) is described in this amended S-3 shelf registration as a Cayman Islands limited liability fund holding digital assets whose Shares will be listed on NYSE Arca under the ticker GDLC. The prospectus emphasizes that Shares relate directly to the value of the fund's digital assets and are subject to extreme price volatility, forks/clones, limited trading history for index/reference rates, market-wide liquidity disruptions, and evolving regulatory treatment that could materially affect Share value.
The filing explains operational mechanics for creations and redemptions through Authorized Participants, the role of Liquidity Providers, the Transfer Agent (Bank of New York Mellon) and Custodian (Coinbase Custody), and the planned arbitrage mechanism intended to align market price and NAV. It also notes the fund cannot currently effect in-kind creations/redemptions absent regulatory approval, may be unable to participate in staking, and relies on third-party service providers, creating key operational and counterparty risks.
Grayscale CoinDesk Crypto 5 ETF (GDLC) is described in this amended S-3 shelf registration as a Cayman Islands limited liability fund holding digital assets whose Shares will be listed on NYSE Arca under the ticker GDLC. The prospectus emphasizes that Shares relate directly to the value of the fund's digital assets and are subject to extreme price volatility, forks/clones, limited trading history for index/reference rates, market-wide liquidity disruptions, and evolving regulatory treatment that could materially affect Share value.
The filing explains operational mechanics for creations and redemptions through Authorized Participants, the role of Liquidity Providers, the Transfer Agent (Bank of New York Mellon) and Custodian (Coinbase Custody), and the planned arbitrage mechanism intended to align market price and NAV. It also notes the fund cannot currently effect in-kind creations/redemptions absent regulatory approval, may be unable to participate in staking, and relies on third-party service providers, creating key operational and counterparty risks.