---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-091216"
form_type: "8-K"
ticker: "GDLC"
cik: "0001729997"
company_name: "Grayscale CoinDesk Crypto 5 ETF"
filed_at: "2025-06-30T23:59:59+00:00"
generated_at: "2026-05-18T13:42:05.534684+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-091216
- form_type: 8-K
- ticker: GDLC
- cik: 0001729997
- company_name: Grayscale CoinDesk Crypto 5 ETF
- filed_at: 2025-06-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1729997/000095017025091216/0000950170-25-091216-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1729997/000095017025091216/gdlc-20250625.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-091216
- JSON: https://secwatch.observer/filing/0000950170-25-091216.json
- Plain text: https://secwatch.observer/filing/0000950170-25-091216.txt

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