Regulatory transparency drives the launch of the first U.S. multi-cryptocurrency ETF, expanding opportunities for investors

Grayscale’s CoinDesk Crypto 5 ETF (GDLC) has made its debut on NYSE Arca, becoming the first multi-asset exchange-traded product (ETP) in the U.S. to provide access to the nation’s five largest and most actively traded cryptocurrencies:

(BTC), (ETH), , (SOL), and (ADA). Previously named the Grayscale Digital Large Cap Fund, this ETF secured approval from the U.S. Securities and Exchange Commission (SEC) in July, though its launch was briefly postponed during a delegated action review Grayscale’s GDLC Fund Holding SOL and ADA Gets SEC Nod for NYSE Debut [ 1 ]. The listing comes after the SEC implemented generic rules for listing crypto ETFs, which shortened the approval process from 240 days down to 75 Grayscale CoinDesk Crypto 5 ETF (Ticker: GDLC) Begins Trading on NYSE Arca [ 2 ]. GDLC follows the CoinDesk 5 Index, granting investors access to over 90% of the overall cryptocurrency market cap, positioning it as a comprehensive gateway for those seeking broad crypto exposure Grayscale CoinDesk Crypto 5 ETF (Ticker: GDLC) Begins Trading on NYSE Arca [ 2 ].

Within GDLC, Bitcoin holds the largest share at 72%, while Ethereum makes up 17%. XRP, Solana, and Cardano account for 5.62%, 4.03%, and 1%, respectively Grayscale’s GDLC Fund Holding SOL and ADA Gets SEC Nod for NYSE Debut [ 1 ]. The ETF is rebalanced every quarter to stay in line with the leading crypto assets by market cap and liquidity. Peter Mintzberg, CEO of Grayscale, highlighted that the fund addresses the rising demand for diversified crypto investments, making it easier for investors to gain exposure to major digital assets while sidestepping the hurdles of direct ownership Grayscale CoinDesk Crypto 5 ETF (Ticker: GDLC) Begins Trading on NYSE Arca [ 2 ].

The SEC’s adoption of standardized listing rules in September 2025 streamlined the approval for crypto ETFs and marked a move toward greater regulatory transparency for the sector Grayscale’s GDLC Fund Holding SOL and ADA Gets SEC Nod for NYSE Debut [ 1 ]. Experts forecast that this new approach could pave the way for more than 100 crypto ETFs to come to market within a year, with 12 to 15 assets likely to qualify for approval Grayscale’s GDLC Fund Holding SOL and ADA Gets SEC Nod for NYSE Debut [ 1 ]. These changes arrived after Grayscale’s legal disputes with the SEC, which played a role in the agency’s eventual approval of spot Bitcoin ETFs in 2024 Grayscale’s GDLC Fund Holding SOL and ADA Gets SEC Nod for NYSE Debut [ 1 ].

Industry observers note that GDLC could have a notable impact on Bitcoin’s price trends. Technical studies indicate that Bitcoin, currently valued near $117,000, may surpass $120,000 if bullish momentum continues BTC Eyes $120K With Bullish H&S Pattern: Technical Analysis [ 3 ] Bitcoin Consolidates at $117K, Technical Indicators Point Toward Potential $120K Breakout [ 4 ]. Recent regulatory progress and record inflows of $2.3 billion into spot Bitcoin ETFs in the week before GDLC’s launch have further strengthened interest in crypto assets Bitcoin Price Levels to Watch Above $115k Ahead [ 5 ]. Major institutions, including Fidelity and

, have also ramped up their adoption of Bitcoin as a treasury reserve, with more than 152 listed companies now collectively holding 950,000 valued at $110 billion Bitcoin Price Levels to Watch Above $115k Ahead [ 5 ].

GDLC’s introduction signals a larger trend of institutional acceptance of digital assets. As the first U.S. multi-asset ETP to include several leading cryptocurrencies, GDLC demonstrates the sector’s increasing maturity in both liquidity and regulatory standing Grayscale CoinDesk Crypto 5 ETF (Ticker: GDLC) Begins Trading on NYSE Arca [ 2 ]. Analysts believe that the SEC’s expedited review process will foster more innovation and broaden the selection of crypto investment products available to the market in the near future Grayscale’s GDLC Fund Holding SOL and ADA Gets SEC Nod for NYSE Debut [ 1 ].