Grayscale CoinDesk Crypto 5 ETF 8-K

What Happened
Grayscale filed an 8-K on February 20, 2026 reporting that CoinDesk Indices, Inc. (the Index Provider) announced on February 17, 2026 that it added Bitstamp (BNB‑USD trading pair) as a Constituent Trading Platform used to calculate the Index Price for the Fund’s BNB component. The Fund values each component for operational purposes by reference to the CoinDesk Benchmark Rate (the “Index Price”), calculated at 4:00 p.m. New York time on each business day.

Key Details

• Effective date of change: February 17, 2026.
• Change: Bitstamp was added as a Constituent Trading Platform for the BNB‑USD pair; no Constituent Trading Platforms were removed in this monthly review.
• The Index Price is derived from specified trading venues (Constituent Trading Platforms) reflected in each component’s CoinDesk Benchmark Rate and used for the Fund’s operational valuation.
• The Index Provider may add or remove venues at any time through scheduled monthly reviews (see Fund’s Form 10‑K filed Sept. 5, 2025 for methodology).

Why It Matters
This is a procedural change to how CoinDesk calculates the Index Price for the Fund’s BNB holding. For investors, changes in the set of trading venues that feed the benchmark can affect the reported Index Price and therefore the Fund’s daily operational valuation of that component. The filing does not report any removals or other changes to Fund components, and no financial results or management changes were announced.