Grayscale Digital Large Cap Fund enters prime broker agreement with Coinbase; effective upon NYSE Arca uplisting

Grayscale CoinDesk Crypto 5 ETF

Agreement with Coinbase entities covers custody and prime brokerage services; effective on date GDLC shares begin trading on NYSE Arca as ETP.
Fund's assets held in cold storage vault balance and hot settlement balance; private keys sharded and distributed globally.
Custodian liability capped at $100M per cold storage address; total liability caps based on fees or $5M.
Manager pays annualized fee as percentage of AUM monthly; plus monthly fee for creation/redemption withdrawals.
Previous custodian agreement terminated; risk factors updated in Exhibit 99.1.

item 1.01item 1.02item 9.01

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