Catenaa, Thursday, September 25, 2025-Grayscale has officially launched the Grayscale CoinDesk Crypto 5 ETF (GDLC), the first multi-asset crypto exchange-traded product in the United States, the firm announced Friday.
The fund provides broad exposure to the crypto market while emphasizing top digital assets, including Bitcoin, Ethereum, Solana, XRP, and Cardano. Bitcoin represents roughly 73% of the fund’s weight, followed by Ethereum at 17%.
Developed in partnership with CoinDesk Markets, GDLC is an index-based fund that will automatically rebalance quarterly to reflect evolving market leaders.
The launch follows months of effort to convert the previously over-the-counter fund into an exchange-traded product.
Grayscale CEO Peter Mintzberg said the launch underscores the company’s decade-long commitment to providing transparent crypto investment options.
Analysts expect strong demand for the new product, particularly from financial advisors. NovaDius Wealth Management President Nate Geraci described index-based and actively managed spot crypto ETFs as a potentially “huge category.”
The launch comes amid regulatory shifts in the US, including the SEC’s “Project Crypto” initiative and accelerated exchange listing standards, which may fast-track the approval of nearly 100 pending crypto ETF proposals.
Recent market activity has shown growing investor appetite, with the first US ETFs offering spot exposure to XRP and Dogecoin trading nearly $55 million on their debut day.
GDLC aims to capture similar interest by giving investors diversified exposure to leading digital assets under a regulated framework, positioning the fund as a key milestone in the US crypto investment landscape.
