secwatch.observer — SEC 8-K summary
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Issuer:     Grayscale CoinDesk Crypto 5 ETF (GDLC)
CIK:        0001729997
Form:       8-K
Filed at:   2025-06-06T23:59:59+00:00
Accession:  0000950170-25-083115
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729997/000095017025083115/0000950170-25-083115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729997/000095017025083115/gdlc-20250605.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-083115

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer