Grayscale Launches Crypto Exchange-Traded Product

The digital asset-focused investment platform said in a Friday press release that GDLC is the first multi-asset ETP, which it defines as a U.S.-listed ETP with more than two different crypto assets represented, available in the United States.

GDLC offers investors exposure to the five largest crypto assets, including Bitcoin, Ether, XRP, Solana and Cardano, and, as of Friday, 90% of the crypto market in a single investment, according to the release.

The fund will rebalance quarterly to maintain alignment with the crypto market’s leading assets and will track CoinDesk Indices’ CoinDesk 5 Index, the release said.

Before Friday’s shift to a multi-asset crypto ETP, GDLC originally launched in 2018 and was known as Grayscale Digital…

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