Grayscale Launches U.S. Multi-Asset Crypto ETF

Grayscale launched the CoinDesk Crypto 5 ETF, a regulated multi-asset offering. It provides exposure to BTC, ETH, SOL, XRP, and ADA. The ETF aims to cater to rising institutional demand for diversified crypto investment.

Grayscale, with key executives Michael Sonnenshein and Jodie Gunzberg, initiated the ETF. It reflects growing interest in SOL and XRP. The fund’s design targets facilitated and regulated digital asset access.

Immediate effects include a substantial rise in institutional investments, affecting the value of included cryptocurrencies like BTC, ETH, SOL, XRP, and ADA. Markets reacted positively to this structured product launch.

The ETF’s debut with $931M assets under management highlights financial impacts. Investors are drawn to regulated exposure, strengthening cryptocurrency’s mainstream financial authority.

The GDLC outperformed Bitcoin by 11% since June 2025, showcasing effective diversification strategy. This trend demonstrates potential shifts in investor preferences from single to multi-asset investments.

“The Fund seeks to provide exposure to the largest, most liquid digital assets. With quarterly rebalancing and transparent methodology, we aim to deliver diversified risk-adjusted returns.” — Michael Sonnenshein, CEO, Grayscale

Regulatory approval legitimizes crypto as an asset class, potentially accelerating adoption. Historical data from European peers suggests increased legitimacy for similar multi-asset products, strengthening