In a recent tweet, Grayscale CEO Peter Mintzberg revealed that Grayscale’s Coindosk Crypto 5 ETF has been launched in the US with its ticker GDLC and the first multi-asset Crypto ETP.
The ETF began trading in NYSE on Friday and includes five largest cryptocurrencies: Bitcoin, Ethereum, XRP, Solana and Cardano. According to Grayscale, these five major cryptocurrencies account for more than 90% of their total market capitalization.
Today we are proud to launch the Grayscale Coindesk Crypto 5 ETF (ticker: GDLC), the first multi-asset crypto ETP in the United States. This launch is more than just another ETP. This reflects a decade of commitment to being there first, moving fast and giving investors transparency…
– Peter Mintzberg (@petermintzberg) September 19, 2025
The much-anticipated launch was followed by approval from the Securities and Exchange Commission (SEC) on Wednesday, where a digital asset manager was able to convert the Grayscale Digital Large Cap (GDLC) fund into ETFs and allocate it to a variety of crypto assets.
The CEO of Grayscale said in his tweet that the launch is more than just an ETP, as it reflects its commitment to being first.
what’s happening?
The launch of Grayscale’s multicrypt asset ETP coincides with a growing appetite among institutional and retail investors for a diverse range of crypto exposure.
GDLC funds have gained about 70% of their eyes on Bitcoin and 20% of Ethereum, and have been in other formats since 2018, and have recently traded through counters.
GDLC has risen by more than 40% in 2025 as many cryptocurrencies reached record highs. GDLC has surpassed Bitcoin by nearly 11% since June. This is because the other four cryptocurrencies in the fund (Ethereum, XRP, Solana and Cardano) outweighed BTC.
In positive news shared by Bloomberg analyst Eric Balknath, the SEC has approved a general listing standard that could clear the way Spot Crypto ETF will be launched under the ’33 Act, as long as there are futures in Coinbase, which currently contains around 12-15 coins.
