---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-291402"
form_type: "8-K"
ticker: "GDLC"
cik: "0001729997"
company_name: "Grayscale CoinDesk Crypto 5 ETF"
filed_at: "2025-11-21T23:59:59+00:00"
generated_at: "2026-05-16T17:39:47.854200+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Grayscale GDLC Index Provider removes itBit from Bitcoin, Ether, SOL pricing

## Summary
- CoinDesk Indices removed itBit as a constituent trading platform for BTC-USD, ETH-USD, and SOL-USD pairs effective Nov 18, 2025.
- itBit failed to meet the Index Provider's conditions for inclusion in the Bitcoin, Ether, and SOL Index Prices.
- The change affects the calculation of Index Price used to value Fund Components for the Grayscale CoinDesk Crypto 5 ETF (GDLC).
- No changes were made to XRP or ADA constituent trading platforms.

## SEC filing metadata
- accession: 0001193125-25-291402
- form_type: 8-K
- ticker: GDLC
- cik: 0001729997
- company_name: Grayscale CoinDesk Crypto 5 ETF
- filed_at: 2025-11-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1729997/000119312525291402/0001193125-25-291402-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1729997/000119312525291402/gdlc-20251118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-291402
- JSON: https://secwatch.observer/filing/0001193125-25-291402.json
- Plain text: https://secwatch.observer/filing/0001193125-25-291402.txt

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