Overview

• GDLC is the first U.S.-listed multi-asset crypto exchange-traded product, tracking the CoinDesk 5 Index and holding Bitcoin, Ether, XRP, Solana and Cardano with quarterly rebalancing that covers over 90% of the market by the index methodology.
• Grayscale reported roughly $915 million to $931 million in assets under management at launch, with a net asset value near $58 per share.
• Opening-day trading reached about $22 million in turnover with approximately 381,298 shares changing hands, a strong debut compared with typical ETF launches.
• The SEC simultaneously adopted generic listing standards for commodity and crypto ETPs, reducing reliance on repeated Rule 19b-4 filings and moving many products to S-1 reviews with defined timelines.
• Analysts, including Bloomberg’s Eric Balchunas, anticipate a surge of new crypto funds under the streamlined regime, with estimates of more than 100 additional launches over the next year.