---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-029638"
form_type: "8-K"
ticker: "GDLC"
cik: "0001729997"
company_name: "Grayscale CoinDesk Crypto 5 ETF"
filed_at: "2023-06-23T23:59:59+00:00"
generated_at: "2026-06-13T18:12:46.088686+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 changes valuation exchanges after Binance.US suspension

## Summary
- Binance.US removed as constituent exchange for BTC, ETH, ADA, SOL, MATIC due to suspending USD deposits/withdrawals.
- Kraken added for BTC; LMAX Digital for ETH & SOL; Crypto.com for ADA & MATIC effective June 16, 2023.
- Changes affect calculation of Digital Asset Reference Rate used to value fund components.

## SEC filing metadata
- accession: 0000950170-23-029638
- form_type: 8-K
- ticker: GDLC
- cik: 0001729997
- company_name: Grayscale CoinDesk Crypto 5 ETF
- filed_at: 2023-06-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1729997/000095017023029638/0000950170-23-029638-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1729997/000095017023029638/gdlc-20230616.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-029638
- JSON: https://secwatch.observer/filing/0000950170-23-029638.json
- Plain text: https://secwatch.observer/filing/0000950170-23-029638.txt

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