---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-25-004587"
form_type: "8-K"
ticker: "GDLC"
cik: "0001729997"
company_name: "Grayscale CoinDesk Crypto 5 ETF"
filed_at: "2025-04-09T23:59:59+00:00"
generated_at: "2026-05-23T18:28:28.139229+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Grayscale appoints Diana Zhang as COO effective May 6, 2025

## Summary
- Diana Zhang appointed COO of Grayscale Investments, effective May 6, 2025, reporting to CEO Peter Mintzberg.
- Zhang succeeds Hugh Ross, who is stepping down and will depart by May 31, 2025, after serving as COO since 2021.
- Zhang previously held executive roles at Bridgewater Associates for over a decade and was COO of BlockTower Capital.
- CEO Peter Mintzberg emphasized Zhang's experience in both traditional and crypto asset management as key to Grayscale's growth.

## SEC filing metadata
- accession: 0000950103-25-004587
- form_type: 8-K
- ticker: GDLC
- cik: 0001729997
- company_name: Grayscale CoinDesk Crypto 5 ETF
- filed_at: 2025-04-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1729997/000095010325004587/0000950103-25-004587-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1729997/000095010325004587/dp227435_8k-gdlc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-004587
- JSON: https://secwatch.observer/filing/0000950103-25-004587.json
- Plain text: https://secwatch.observer/filing/0000950103-25-004587.txt

## Key facts
- Executive change
  Hugh Ross departed as Chief Operating Officer at Grayscale CoinDesk Crypto 5 ETF.
  - Action: stepped down
  - Role: Chief Operating Officer
  source text: the current Chief Operating Officer of Grayscale Operating, LLC, who has decided to step down from his position and is expected to remain with Grayscale to assist with the transition of his responsibilities until his departure on or prior to May 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1729997/000095010325004587/0000950103-25-004587-index.htm
- Executive change
  Diana Zhang was appointed as Chief Operating Officer at Grayscale CoinDesk Crypto 5 ETF.
  - Action: appointed
  - Role: Chief Operating Officer
  source text: the appointment of Diana Zhang to serve as the new Chief Operating Officer of Grayscale Operating, LLC, effective May 6, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1729997/000095010325004587/0000950103-25-004587-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.