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The U.S. has taken a big step toward mainstream adoption of digital assets. The first multi-asset cryptocurrency ETF is now live, giving Wall Street investors broad exposure to five of the biggest coins in one product.
Grayscale’s Crypto ETF Hits NYSE Arca
On September 19, Grayscale Investments—the world’s largest digital asset manager—launched the Grayscale Coindesk Crypto 5 ETF (GDLC) on NYSE Arca. The launch came after approval by the U.S. Securities and Exchange Commission (SEC) on September 17.
CEO Peter Mintzberg announced the news on X (formerly Twitter), writing:
“Today, we’re proud to launch Grayscale Coindesk Crypto 5 ETF (GDLC), the first multi-asset crypto ETP in the U.S.”
He added that the ETF reflects Grayscale’s decade-long focus on innovation, transparency, and investor access to the crypto ecosystem.
What the GDLC ETF Includes
The GDLC ETF tracks the Coindesk 5 Index, offering exposure to the five largest and most liquid cryptocurrencies:
- Bitcoin (BTC)
- Ethereum (ETH)
- XRP (XRP)
- Solana (SOL)
- Cardano (ADA)
Together, these assets represent over 90% of the crypto market’s total capitalization. The ETF rebalances every quarter, ensuring that investors always have exposure to the most relevant coins.
Mintzberg called the ETF a turning point for digital finance, giving investors:
- Simple and transparent access to crypto
- Diversification across multiple top coins
- A strategic product built for long-term adoption
Why This ETF Matters
The fund began in 2018 as the Grayscale Digital Large Cap Fund. It went public on OTCQX in 2019 and became an SEC-reporting company in 2021. Now, as a fully listed ETF, it provides a new path for institutional and retail investors to enter crypto markets.
Analysts say GDLC could expand crypto exposure on Wall Street and attract investors who prefer regulated, exchange-traded products over direct coin purchases.
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