Grayscale CoinDesk Crypto 5 ETF Files 8-K: Index Price Calculation Change Announced
Key Points:
- Grayscale CoinDesk Crypto 5 ETF (GDLC) has filed a Form 8-K with the U.S. Securities and Exchange Commission, dated May 19, 2026.
- The filing reports a significant update regarding the calculation of Index Prices for certain Fund Components.
- CoinDesk Indices, Inc., the Index Provider, announced changes to the Digital Asset Trading Platforms (“Constituent Trading Platforms”) used to calculate Index Prices for the fund’s components.
- The ETF’s shares are listed with the trading symbol GDLC on NYSE Arca, Inc..
- The fund is managed by Grayscale Investments Sponsors, LLC.
- Edward McGee, Chief Financial Officer, signed the report.
Details of the Index Calculation Change:
- The fund values each Fund Component it holds by reference to an Index Price, which represents the U.S. dollar value calculated from selected Constituent Trading Platforms.
- The Index Price for each Fund Component is determined at 4:00 p.m., New York time, on each business day.
- The Index Provider may change the trading venues used for Index Price calculation at any time, with scheduled monthly reviews to add or remove platforms meeting criteria specified in the fund’s annual report.
Prior Platforms Used (Before May 19, 2026):
- Bitcoin: (exact platforms not listed in the excerpt, but presumably includes major global exchanges)
- BNB-USD Trading Pairs: Binance, Bitstamp, Kraken, and OKX
- SOL-USD Trading Pairs: Binance, Bitstamp, Bullish, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, OKX, and OSL
- SOL-USDC Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Gate, Kraken, and OKX
- BNB-USDC Trading Pairs: Binance, Bybit, Gate, Kraken, and OKX
Shareholder and Price-Sensitive Information:
- The change in trading platforms used for Index Price calculation could impact the daily valuation of fund components, potentially affecting the ETF’s share prices.
- Regular reviews by the Index Provider may result in frequent changes to the constituent platforms, introducing possible volatility in the fund’s net asset values.
- The ETF qualifies as an emerging growth company under Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Securities Exchange Act of 1934.
- No written communications, soliciting materials, or tender offers are associated with this filing.
- Shareholders should monitor further communications from the Fund and CoinDesk Indices for updates, as these changes may affect future share values.
Corporate Details:
- Business Address: 290 Harbor Drive, 4th Floor, Stamford, CT 06902
- Former Name: Grayscale Digital Large Cap Fund LLC (name changed January 31, 2018)
- IRS Employer Identification Number: 98-1406784
Management Signature:
- Report signed by Edward McGee, Chief Financial Officer (Principal Financial and Accounting Officer) of Grayscale Investments Sponsors, LLC, Manager of Grayscale CoinDesk Crypto 5 ETF.
Potential Impact for Investors:
This filing is material and potentially price sensitive for GDLC shareholders. The methodology for calculating Index Prices directly impacts the valuation of the ETF’s holdings. Any changes in the trading platforms used may affect the net asset value (NAV) and, consequently, the share price. Investors should be aware of the possibility of increased volatility or price discrepancies as a result of these changes, especially during periods of market stress or when new platforms are added or removed.
Regular reviews by the Index Provider mean shareholders must stay informed of ongoing changes. The transparency and reliability of these platforms are critical to the integrity of the ETF’s pricing. This update could also influence institutional participation, liquidity, and trading spreads for GDLC shares.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review official SEC filings and consult with their financial advisors before making investment decisions. The information above is based on publicly available filings as of May 19, 2026, and may be subject to change. The author does not accept any liability for actions taken based on this material.
