---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-000289"
form_type: "8-K"
ticker: "GDLC"
cik: "0001729997"
company_name: "Grayscale CoinDesk Crypto 5 ETF"
filed_at: "2023-01-06T23:59:59+00:00"
generated_at: "2026-06-20T18:52:52.603253+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Grayscale Digital Large Cap Fund removes AVAX, reweights to 65.02% BTC, 30.73% ETH

## Summary
- Avalanche (AVAX) removed from fund; no tokens added in Q4 2022 rebalancing.
- New portfolio weights: BTC 65.02%, ETH 30.73%, ADA 1.86%, MATIC 1.39%, SOL 1.00%.
- Rebalancing based on CoinDesk Large Cap Select Index methodology.
- Each share now represents 0.0004 BTC, 0.0025 ETH, 0.7123 ADA, 0.1803 MATIC, 0.0076 SOL.
- Grayscale also rebalanced DeFi Fund (added SNX) and GSCPxE Fund (removed ALGO).

## SEC filing metadata
- accession: 0000950170-23-000289
- form_type: 8-K
- ticker: GDLC
- cik: 0001729997
- company_name: Grayscale CoinDesk Crypto 5 ETF
- filed_at: 2023-01-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1729997/000095017023000289/0000950170-23-000289-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1729997/000095017023000289/gdlc-20230105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-000289
- JSON: https://secwatch.observer/filing/0000950170-23-000289.json
- Plain text: https://secwatch.observer/filing/0000950170-23-000289.txt

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