---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-001115"
form_type: "8-K"
ticker: "GDLC"
cik: "0001729997"
company_name: "Grayscale CoinDesk Crypto 5 ETF"
filed_at: "2025-01-03T23:59:59+00:00"
generated_at: "2026-05-28T14:42:31.351845+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Grayscale Digital Large Cap Fund manager reorganized; GSIS becomes sole manager after 120-day notice

## Summary
- On Jan 1, 2025, Grayscale Investments LLC (GSI) merged into Grayscale Operating LLC (GSO) via internal reorganization.
- GSO assigned manager contracts to Grayscale Investments Sponsors LLC (GSIS), which was admitted as additional manager.
- GSO voluntarily withdrew as manager effective 120 days from Jan 3, 2025, leaving GSIS as sole remaining manager.
- The reorganization is not expected to materially impact fund operations or investor rights.
- Assignment agreements with Coinbase and Foreside Fund Services were executed in connection with the transition.

## SEC filing metadata
- accession: 0000950170-25-001115
- form_type: 8-K
- ticker: GDLC
- cik: 0001729997
- company_name: Grayscale CoinDesk Crypto 5 ETF
- filed_at: 2025-01-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1729997/000095017025001115/0000950170-25-001115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1729997/000095017025001115/gdlc-20250101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-001115
- JSON: https://secwatch.observer/filing/0000950170-25-001115.json
- Plain text: https://secwatch.observer/filing/0000950170-25-001115.txt

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