Grayscale Launches First Multi-Asset Crypto ETF in US
- Grayscale’s CoinDesk Crypto 5 ETF (GDLC) began trading on NYSE Arca, marking the first multi-asset crypto ETP in the US.
- The ETF provides exposure to major cryptocurrencies: Bitcoin, Ethereum, XRP, Solana, and Cardano.
- These assets collectively represent over 90% of the crypto market capitalization.
- The SEC approved new generic listing standards for commodity-based trust shares, facilitating faster listings of digital assets.
- The GDLC fund tracks the CoinDesk 5 Index and rebalances quarterly to align with leading crypto assets.
Grayscale’s launch of its CoinDesk Crypto 5 ETF on NYSE Arca marks a significant milestone as it becomes the first multi-asset crypto ETP in the US. The fund offers exposure to major cryptocurrencies like Bitcoin and Ethereum, covering over 90% of the market capitalization.
Source (3.2)https://cryptobriefing.com/grayscale-crypto-etf-nyse-listing/?rand=59535
