On Thursday, January 11th, 2024, a sign for the Grayscale Bitcoin Trust on the floor of the New York Stock Exchange, New York, USA.
Michael Nuggle | Bloomberg | Getty Images
Grayscale Investments has put a new twist on Crypto Investing, rolling out the first multi-token Exchange-Traded product available in the US
The Grayscale Coindesk Crypto 5 ETF will begin trading on Friday in NYSE under the ticker GDLC. The fund brings together five largest and most liquid digital assets: Bitcoin, Ether, XRP, Solana and Cardano. According to Grayscale, these five tokens capture more than 90% of the market capitalization of a digital asset class.
“We are in the age of Crypto Index Investing,” Grayscale CEO Peter Mintzberg told CNBC. “We are usually in the first mover position. Grayscale continues to innovate at scale to help investors access the fastest growing asset classes of the past decade.”
The much-anticipated launch followed Wednesday evening approval from the Securities and Exchange Commission, which allowed Grayscale to convert digital large cap funds into ETFs and allocate them to multiple digital coins.
The move highlights the growing desire between institutional and retail investors for diversified crypto exposure. Asset classes are becoming more mainstream under the Trump administration after the White House moved to a public retirement plan for alternative assets, including cryptocurrencies.
The fund allocates approximately 70% to Bitcoin and 20% to Ether. This product has been in other formats since 2018 and has recently been trading through the counter.
GDLC won over 40% in 2025 as many cryptocurrencies reached record highs. GDLC has outperformed Bitcoin by almost 11% since June, as all four other assets in the fund were better than the largest digital tokens.
