Grayscale’s GDLC Launches as First Multi-Asset Crypto ETF in US

Grayscale Investments launched the first multi-asset crypto exchange-traded product (ETP) in the US, trading as Grayscale CoinDesk Crypto 5 ETF (GDLC) on NYSE Arca following SEC approval.

The fund offers exposure to five major digital assets: Bitcoin, Ethereum, XRP, Solana, and Cardano.
It tracks the CoinDesk 5 Index, covering over 90% of the crypto market's capitalization.
Bitcoin constitutes over 72% of the fund's holdings, followed by Ethereum at roughly 17%, with smaller allocations to XRP, Solana, and Cardano.
The fund is rebalanced quarterly to align with the largest and most liquid assets.

The launch follows successful single-asset ETFs for Bitcoin and Ethereum, which have seen inflows of over $151 billion and $24 billion respectively. Initial community reactions are positive, focusing on the inclusion of specific altcoins like XRP and Cardano.