Grayscale CoinDesk Crypto 5 ETF 8-K

What Happened
Grayscale CoinDesk Crypto 5 ETF (GDLC) reported (Form 8‑K, filed May 22, 2026) that CoinDesk Indices, Inc. updated the Constituent Trading Platforms used to calculate the Index Prices for certain Fund components. Effective May 19, 2026, CoinDesk added OSL (for BTC‑USD, ETH‑USD, SOL‑USD), Bybit (for BTC‑USD and ETH‑USD) and Gemini (for BNB‑USD). No platforms were removed in this scheduled monthly review. The Fund derives each component’s Index Price from these trading venues (CoinDesk Benchmark Rate) at 4:00 p.m. New York time on each business day.

Key Details

• Filing: Form 8‑K, Item 8.01, filed May 22, 2026; changes effective May 19, 2026.
• Platforms added: OSL (BTC‑USD, ETH‑USD, SOL‑USD); Bybit (BTC‑USD, ETH‑USD); Gemini (BNB‑USD).
• Components affected: Bitcoin, Ether, SOL and BNB (the Fund’s components use the updated Constituent Trading Platforms to calculate Index Prices).
• No Constituent Trading Platforms were removed during the review; CoinDesk maintains monthly reviews and may add/remove venues per its criteria (see Fund 10‑K).

Why It Matters
This change affects the price sources used to calculate the Index Prices that the Fund references for valuing its crypto components (which feed into NAV calculations and operational valuations). It does not change the Fund’s holdings or mandate—only the set of exchanges used to derive component benchmark rates. Investors should note that adding exchanges can slightly alter index price inputs and reflect additional market liquidity or pricing from those venues; CoinDesk may continue to update venue lists in future monthly reviews.