Grayscale Digital Large Cap Fund extends CoinDesk index license term to Feb. 28, 2025

Grayscale CoinDesk Crypto 5 ETF

Amendment extends Index License Agreement end date from Feb. 29, 2024 to Feb. 28, 2025.
Revised operational milestones and associated fee discounts included, details redacted as confidential.
Agreement governs use of CoinDesk Large Cap Select Index to calculate Reference Rate for fund's digital assets.
Amendment executed on June 20, 2023 by Grayscale Investments and CoinDesk Indices.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Grayscale CoinDesk Crypto 5 ETF amended Index License Agreement with CoinDesk Indices, Inc. valued at extend the term of the agreement from February 29, 2024, to February 28, 2025 (effective 2023-06-20).

Action: amendment
Agreement: license
Counterparty: CoinDesk Indices, Inc.
Value: extend the term of the agreement from February 29, 2024, to February 28, 2025
Effective: 2023-06-20

Exact text from the filing

On June 20, 2023, Grayscale Investments, LLC, the manager (the “Manager”) of Grayscale Digital Large Cap Fund LLC (the “Fund”), and CoinDesk Indices, Inc. (the “Reference Rate Provider”), entered into an Amendment (the “Amendment”) to the Index License Agreement dated January 31, 2022, between the Manager and the Reference Rate Provider (the “Index License Agreement”)

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Grayscale CoinDesk Crypto 5 ETF filing history →

Source: SEC EDGAR

accession 0000950170-23-029610

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