Form 8-K
8-K — Grayscale CoinDesk Crypto 5 ETF
Accession: 0001193125-26-235600
Filed: 2026-05-22
Period: 2026-05-19
CIK: 0001729997
SIC: 6221 ()
Item: Other Events
Documents
8-K — gdlc-20260519.htm (Primary)
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8-K
8-K (Primary)
Filename: gdlc-20260519.htm · Sequence: 1
8-K
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 19, 2026
Grayscale CoinDesk Crypto 5 ETF
(Exact name of Registrant as Specified in Its Charter)
Cayman Islands
001-42855
98-1406784
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
c/o Grayscale Investments Sponsors, LLC
290 Harbor Drive, 4th Floor
Stamford, Connecticut
06902
(Address of Principal Executive Offices)
(Zip Code)
Registrant’s Telephone Number, Including Area Code: 212 668-1427
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Grayscale CoinDesk Crypto 5 ETF Shares
GDLC
NYSE Arca, Inc.
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
On May 19, 2026, CoinDesk Indices, Inc. (the “Index Provider”) announced a change to the Digital Asset Trading Platforms used to calculate the Index Price (the “Constituent Trading Platforms”) for certain Fund Components of Grayscale CoinDesk Crypto 5 ETF (the “Fund”).
The Fund values each Fund Component it holds for operational purposes by reference to an Index Price. The “Index Price” of each Fund Component is the U.S. dollar value of each Fund Component derived from the Constituent Trading Platforms that are reflected in each Fund Component’s CoinDesk Benchmark Rate, calculated at 4:00 p.m., New York time, on each business day.
Prior to the changes announced on May 19, 2026, the Constituent Trading Platforms used to calculate the Index Price for each respective Fund Component were as follows:
•
Bitcoin:
o
Bitcoin-U.S. Dollar (“USD”) Trading Pairs: Binance, Bitstamp by Robinhood (“Bitstamp”), Bullish, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, and OKX.
o
Bitcoin-U.S. Dollar Coin (“USDC”) Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Gate, Kraken, and OKX.
•
Ether:
o
Ether-USD Trading Pairs: Binance, Bitstamp, Bullish, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, and OKX.
o
Ether-USDC Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Gate, Kraken, and OKX.
•
XRP:
o
XRP-USD Trading Pairs: Bitstamp, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, and OKX.
o
XRP-USDC Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Gate, Kraken, and OKX.
•
SOL:
o
SOL-USD Trading Pairs: Binance, Bitstamp, Bullish, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, and OKX.
o
SOL-USDC Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Gate, Kraken, and OKX.
•
BNB:
o
BNB-USD Trading Pairs: Binance, Bitstamp, Kraken, and OKX.
o
BNB-USDC Trading Pairs: Binance, Bybit, Gate, Kraken, and OKX.
Effective May 19, 2026, the Index Provider added OSL (BTC-USD, ETH-USD, and SOL-USD trading pairs), Bybit (BTC-USD and ETH-USD trading pairs), and Gemini (BNB-USD trading pair) as Constituent Trading Platforms used to calculate the Index Prices for Bitcoin, Ether, SOL, and BNB due to the trading platforms meeting the Index Provider’s conditions for inclusion, and did not remove any Constituent Trading Platforms as part of its scheduled monthly review. As of the date of this current report, the Constituent Trading Platforms used to calculate the Index Price for each respective Fund Component were as follows:
•
Bitcoin:
o
Bitcoin-USD Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, OKX, and OSL.
o
Bitcoin-USDC Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Gate, Kraken, and OKX.
•
Ether:
o
Ether-USD Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, OKX, and OSL.
o
Ether-USDC Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Gate, Kraken, and OKX.
•
XRP:
o
XRP-USD Trading Pairs: Bitstamp, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, and OKX.
o
XRP-USDC Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Gate, Kraken, and OKX.
•
SOL:
o
SOL-USD Trading Pairs: Binance, Bitstamp, Bullish, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, OKX, and OSL.
o
SOL-USDC Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Gate, Kraken, and OKX.
•
BNB:
o
BNB-USD Trading Pairs: Binance, Bitstamp, Gemini, Kraken, and OKX.
o
BNB-USDC Trading Pairs: Binance, Bybit, Gate, Kraken, and OKX.
The Index Provider may change the trading venues that are used to calculate an Index Price, or otherwise change the way in which an Index Price is calculated, at any time. For example, the Index Provider has scheduled monthly reviews, in which it may add or remove Constituent Trading Platforms that satisfy or fail the criteria described in “Item 1. Business—Overview of the Digital Asset Industry and Market—The Index Prices” in the Fund’s Annual Report on Form 10-K for the year ended June 30, 2025, as filed with the Securities and Exchange Commission on September 5, 2025.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Grayscale Investments Sponsors, LLC, as Manager of Grayscale CoinDesk Crypto 5 ETF
Date:
May 22, 2026
By:
/s/ Edward McGee
Name: Edward McGee
Title: Chief Financial Officer (Principal Financial and Accounting Officer)*
* The Registrant is a fund and the identified person signing this report is signing in their capacity as an authorized officer of Grayscale Investments Sponsors, LLC, the Manager of the Registrant.
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