Key Highlights
- Grayscale has celebrated the launch of its first U.S. multi-asset crypto ETF by ringing the NASDAQ opening bell
- Grayscale CoinDesk Crypto 5 ETF (GDLC) holds Bitcoin, Ethereum, Solana, XRP, and Cardano.
- Recently, Grayscale has also revealed the hiring of Laurie Katz as Global Head of Distribution
On October 24, Grayscale, a digital asset management company, once again created history after introducing the first-ever multi-crypto exchange-traded funds in the U.S. To celebrate this special launch, the Grayscale team rang the NASDAQ opening bell.
What is Grayscale’s GDLC, a Multi-Asset Crypto Fund
The Grayscale CoinDesk Crypto 5 ETF (GDLC) is a multi-asset cryptocurrency exchange-traded fund (ETF) managed by Grayscale Investments. It represents the conversion of Grayscale’s former Digital Large Cap Fund into a fully regulated ETF structure, providing investors with diversified exposure to the top five cryptocurrencies by market capitalization.
The fund was launched on September 19 on NYSE Arca, becoming the first U.S.-listed multi-crypto ETF, which allows trading through standard brokerage accounts without the redemption restrictions of its predecessor.
To track the market cap-weighted performance of the five largest and most liquid digital assets, representing approximately 90% of the total crypto market capitalization. The ETF holds Bitcoin, Ethereum, Solana, XRP, and Cardano.
Weights are market cap-based and fluctuate; as of launch, BTC and ETH dominate, with the others making up the balance.
With the launch of Grayscale’s CoinDesk Crypto 5 ETF (GDLC), the U.S. Securities and Exchange Commission (SEC)’s adoption of crypto-based generic listing standards has accelerated approvals. This framework reduces review times to less than 75 days.
As of now, more than 75 crypto ETF filings are under review. This number is likely to reach 100 by late 2026, according to some experts.
Grayscale Bolsters Wealth Distribution with Strategic Hire
Grayscale Investments has appointed Laurie Katz as Global Head of Distribution. Announced on October 21, this hire shows Grayscale’s aggressive strategy to integrate cryptocurrencies into high-net-worth portfolios amid a maturing regulatory landscape.
Katz, an experienced fintech executive, joins the asset management company with experience from her tenure as Chief Revenue Officer at Figure Markets.
“Laurie has spent her career helping institutions navigate opportunity and innovation across market cycles,” said Peter Mintzberg, Chief Executive Officer of Grayscale Investments. “Her deep understanding of both institutional and retail investors comes at a defining moment for our asset class, one where Grayscale’s track record uniquely positions us to lead the next phase of digital asset evolution.”
“This is a dynamic moment for the evolution of digital asset investing,” said Katz. “Grayscale’s vision and commitment to accessibility set it apart, and I’m thrilled to contribute to the organization’s continued growth and to deepen connections across both institutional and wealth channels.”