---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-083115"
form_type: "8-K"
ticker: "GDLC"
cik: "0001729997"
company_name: "Grayscale CoinDesk Crypto 5 ETF"
filed_at: "2025-06-06T23:59:59+00:00"
generated_at: "2026-05-19T18:28:27.754855+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Grayscale Digital Large Cap Fund switches benchmark index from DLCS to CoinDesk 5 Index; holdings unchanged

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-083115
- form_type: 8-K
- ticker: GDLC
- cik: 0001729997
- company_name: Grayscale CoinDesk Crypto 5 ETF
- filed_at: 2025-06-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1729997/000095017025083115/0000950170-25-083115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1729997/000095017025083115/gdlc-20250605.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-083115
- JSON: https://secwatch.observer/filing/0000950170-25-083115.json
- Plain text: https://secwatch.observer/filing/0000950170-25-083115.txt

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