Grayscale Investments is shaking things up in the crypto world with its new multi-token exchange-traded product (ETF) in the U.S. This innovative product, called the Grayscale CoinDesk Crypto 5 ETF, will start trading on the NYSE under the ticker GDLC.
Unlike traditional investments, this ETF combines five of the biggest digital assets: Bitcoin, Ether, XRP, Solana, and Cardano. Together, these tokens account for more than 90% of the market cap in the crypto space.
Peter Mintzberg, the CEO of Grayscale, shared his enthusiasm with CNBC, saying, “We are ushering in the age of crypto index investing.” He emphasizes Grayscale’s role as a leader in this sector, aiming to make crypto available to more investors.
The launch comes just after the Securities and Exchange Commission approved the transformation of Grayscale’s Digital Large Cap Fund into an ETF. This change highlights a growing interest among both individual and institutional investors in diversified crypto assets.
In recent years, cryptocurrency has gained traction, especially with the government’s recent moves to allow alternative assets in retirement plans. The GDLC fund allocates about 70% to Bitcoin and 20% to Ether. It has been available in different formats since 2018, initially trading over the counter.
As for its performance, GDLC has already seen gains of over 40% in 2025, outpacing Bitcoin by nearly 11% since June. This surge indicates that the other assets in the fund are also performing well, capturing the interest and trust of investors.
Overall, the launch of the GDLC ETF is a significant step towards making cryptocurrency investing more accessible and diversified. It reflects the evolving landscape of finance, where digital assets are becoming a bigger part of investment strategies. For further insights on cryptocurrency trends and regulation, you can check out this CNBC article.
Source link
Bitcoin,Cryptocurrency,Markets,Stock markets,Wall Street,Investment strategy,Breaking News: Business,Breaking News: Investing,Breaking News: Markets,business news
