---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-008525"
form_type: "8-K"
ticker: "GDLC"
cik: "0001729997"
company_name: "Grayscale CoinDesk Crypto 5 ETF"
filed_at: "2023-03-16T23:59:59+00:00"
generated_at: "2026-06-18T00:41:33.242236+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 extends review period for distribution of ETHPoW token rights

## Summary
- Agent extends review period by up to 180 days from March 16, 2023 to evaluate market for acquiring and selling ETHPoW tokens.
- Trading venues for ETHPoW not broadly established; uncertainty over custodial support and liquidity remains.
- No assurance on value of ETHPoW or ability to sell; shareholders advised to consult tax advisors.
- Distribution of rights to record date shareholders as of Sept. 26, 2022 previously announced on Sept. 16, 2022.

## SEC filing metadata
- accession: 0000950170-23-008525
- form_type: 8-K
- ticker: GDLC
- cik: 0001729997
- company_name: Grayscale CoinDesk Crypto 5 ETF
- filed_at: 2023-03-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1729997/000095017023008525/0000950170-23-008525-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1729997/000095017023008525/gdlc-20230316.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-008525
- JSON: https://secwatch.observer/filing/0000950170-23-008525.json
- Plain text: https://secwatch.observer/filing/0000950170-23-008525.txt

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