other_material
confidence high
sentiment neutral
materiality 0.40
Grayscale Digital Large Cap Fund switches benchmark index from DLCS to CoinDesk 5 Index; holdings unchanged
Grayscale CoinDesk Crypto 5 ETF
- Effective June 5, 2025, Fund benchmark changed from CoinDesk Large Cap Select Index to CoinDesk 5 Index (CD5).
- As of June 5, Fund components unchanged: Bitcoin 79.32%, Ether 11.97%, SOL 2.93%, XRP 4.87%, ADA 0.91%.
- Starting July 1, 2025, Fund will value components using CoinDesk Index Prices instead of Digital Asset Reference Rates.
- New CD5 methodology excludes wrapped tokens, memecoins, privacy-focused tokens, and securities-designated assets.
- CD5 includes five largest liquid digital assets by market cap, rebalanced quarterly, with constituent trading platform criteria.
item 8.01