secwatch.observer — SEC 8-K summary
======================================

Issuer:     Grayscale CoinDesk Crypto 5 ETF (GDLC)
CIK:        0001729997
Form:       8-K
Filed at:   2025-11-21T23:59:59+00:00
Accession:  0001193125-25-291402
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729997/000119312525291402/0001193125-25-291402-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729997/000119312525291402/gdlc-20251118.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-291402

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