Grayscale announced the launch of the first US ETF tracking the top five market capitalization rankings of encryption assets (GDLC))

Grayscale announced the launch of the Grayscale CoinDesk Crypto 5 ETF (ticker: GDLC), which is the first ETF in the United States to track the top five crypto assets by market capitalization. It aims to provide investors with an investment channel that tracks the five largest and most liquid crypto assets (weighted by market capitalization), covering approximately 90% of the overall crypto assets market capitalization. The following content is for market information observation only and is not investment advice.

Grayscale CoinDesk Crypto 5 ETF Introduction

Grayscale CoinDesk Crypto 5 ETF is the first exchange-traded fund in the United States that tracks the top five largest cap ranked crypto assets. Investors can hold the ETF through traditional securities markets without needing to purchase, store, or safeguard the related crypto assets themselves. The fund aims for the value of ETF shares (based on net asset value per share) to reflect the overall performance of the crypto asset portfolio it holds. The asset weights will be determined based on the index prices corresponding to each asset or the reference rates of digital assets, after deducting fund operating expenses and other accrued liabilities.

Characteristics of GDLC Fund ETF

Discover the market capitalization of core Crypto Assets

A fund that covers 90% of the Crypto Assets market, investing in other large cap cryptocurrencies, not limited to Bitcoin and Ethereum.

Automatic Rebalancing: Automatically rebalances each season to ensure alignment with the leaders in Crypto Assets market capitalization.

Provided index support by CoinDesk Indices; tracking the CoinDesk 5 Index, which was developed by the cryptocurrency index provider CoinDesk Indices.

GDLC Notes:

Trading typically occurs during normal trading hours (usually from 9:30 AM to 4:00 PM Eastern Time). Daily volume data will be updated between 1 AM and 5 AM Eastern Time to reflect the activity of the previous trading day.

The 30-day median price difference is the calculation method of the median buy-sell spread of the GDLC fund, expressed as a percentage and rounded to two decimal places. The calculation method is as follows: Determine the national best buy price and national best sell price of the fund at the end of each trading day every 10 seconds over the past 30 calendar days; divide the difference between each buy price and sell price by the median of the national best buy price and national best sell price; then calculate the median of these values.

GAAP asset management scale ( AUM ) and GAAP net asset value ( NAV Per Share ) represent the main market price of applicable products and are calculated using GAAP methods.

Grayscale CoinDesk Crypto 5 ETF (abbreviated as GDLC or the Fund) is an exchange-traded product that is not registered under the Investment Company Act of 1940 (the ’40 Act) and thus is not subject to the same regulations and protections as ETFs and mutual funds registered under the 1940 Act. Investing involves risks, including the possible loss of principal. Investing in GDLC carries high risks and high volatility. GDLC is not suitable for investors who cannot bear the entire loss of their investment. Investing in this fund does not constitute a direct investment in any Crypto Assets.

Grayscale CoinDesk Crypto 5 ETF has submitted a registration statement (including a prospectus) related to this issuance to the U.S. Securities and Exchange Commission (SEC(. Be sure to read the prospectus in the registration statement and other documents submitted by GDLC to the SEC before investing for more complete information about GDLC and this issuance.

Foreside Fund Services, LLC is the marketing agent for GDLC, and Grayscale Investments Sponsors, LLC is the sponsor of GDLC.

This article announces that Grayscale has launched the first ETF in the United States that tracks the top five Crypto Assets by large cap market capitalization (GDLC) first appeared in Chain News ABMedia.