Grayscale Launches First U.S. Multi-Asset Crypto ETF on NYSE

Published: 2025-09-20 21:09:02 |

Grayscale has launched the Grayscale CoinDesk Crypto 5 ETF (GDLC) on NYSE Arca, marking the first U.S. multi-asset crypto ETF. Tracking the CoinDesk 5 Index, it offers regulated, transparent and liquid exposure to Bitcoin (BTC), Ether (ETH), XRP, Solana (SOL) and Cardano (ADA), with quarterly rebalancing. GDLC allocates 70% to BTC and 20% to ETH. Since June 2025, the ETF has surged over 40%, outperforming Bitcoin by around 11%, driven by strong Solana and Cardano gains. CEO Peter Mintzberg says the crypto ETF meets growing demand for diversified exposure and regulatory oversight. Analysts predict this launch will pave the way for more than 100 new U.S. crypto ETFs next year, marking a key step in mainstream institutional adoption of digital assets.

Bullish

The launch of the first U.S. multi-asset crypto ETF by Grayscale is bullish for the market. In the short term, GDLC’s strong performance and surge in demand suggest increased inflows into established digital assets, likely driving prices up. Over the long term, easier institutional access, diversified exposure and regulatory oversight will attract more capital, support higher liquidity, and reduce volatility, fostering sustained market growth.