UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~May~~June 1926, 2026

Grayscale CoinDesk Crypto 5 ETF

(Exact name of Registrant as Specified in Its Charter)


Cayman Islands	001-42855	98-1406784
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

c/o Grayscale Investments Sponsors, LLC 290 Harbor Drive, 4th Floor
Stamford, Connecticut		06902
(Address of Principal Executive Offices)		(Zip Code)

     Registrant’s Telephone Number, Including Area Code: 212 668-1427

    

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Grayscale CoinDesk Crypto 5 ETF Shares	GDLC	NYSE Arca, Inc.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 85.0102. ~~Other~~Departure ~~Events~~of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On ~~May~~July 192, 2026, ~~CoinDesk~~Grayscale ~~Indices~~Investments Sponsors, ~~Inc.~~LLC (together with its affiliates as the context may require, “~~Index~~Grayscale”, ~~Provider~~or “the Company”), the manager of the registrant, announced athat ~~change~~Grayscale toOperating, LLC, the ~~Digital~~sole ~~Asset~~member ~~Trading~~of ~~Platforms~~Grayscale ~~used~~Investments Sponsors, LLC, has approved the appointment of Kathryn Masci, Senior Vice President, Finance, and Daniel Plourde, Senior Vice President, Finance, to ~~calculate~~serve as Co-Chief Financial Officers of Grayscale Investments Sponsors, LLC on an interim basis, effective July 2, 2026 and the ~~Index~~appointment ~~Price~~of (Ms. Masci as a member of the ~~“Constituent~~Board ~~Trading~~of ~~Platforms”)~~Managers ~~for~~of ~~certain~~Grayscale ~~Fund~~Investments ~~Components~~Sponsors, LLC. Ms. Masci will also serve as Principal Financial and Accounting Officer of the registrant effective July 2, 2026. Ms. Masci and Mr. Plourde will succeed Edward McGee, the current Chief Financial Officer, Principal Financial and Accounting Officer and member of the Board of Managers of Grayscale ~~CoinDesk~~Investments ~~Crypto~~Sponsors, 5LLC, ~~ETF~~as (applicable, who has decided to step down from his position effective July 2, 2026. Mr. McGee is stepping down for personal reasons and not due to any disagreement with the ~~“Fund”)~~Company or any matter relating to Grayscale’s operations, policies or practices. He leaves the Company on good terms and Grayscale thanks him for his 7 years of service.

~~The~~Kathryn ~~Fund~~Masci ~~values~~has ~~each~~served ~~Fund~~as ~~Component~~Senior itVice ~~holds~~President ~~for~~of ~~operational~~Finance ~~purposes~~of byGrayscale ~~reference~~since toJanuary an2026 ~~Index~~and ~~Price~~has been with Grayscale since May 2020. ~~The~~Prior ~~“Index~~to ~~Price”~~serving as Senior Vice President of ~~each~~Finance, ~~Fund~~Ms. ~~Component~~Masci isheld ~~the~~various Ufinance and accounting roles at Grayscale.S Prior to joining Grayscale, Ms. ~~dollar~~Masci ~~value~~served ofas ~~each~~Assistant ~~Fund~~Controller ~~Component~~at ~~derived~~Garrison Capital Inc., a publicly traded business development company, from ~~the~~July ~~Constituent~~2019 ~~Trading~~to ~~Platforms~~May ~~that~~2020. ~~are~~Before ~~reflected~~joining inGarrison ~~each~~Capital, ~~Fund~~Ms. ~~Component’s~~Masci ~~CoinDesk~~served ~~Benchmark~~as ~~Rate~~a Senior Financial Reporting Associate at Pzena Investment Management, ~~calculated~~Inc., a publicly traded investment management firm, where she oversaw financial reporting and accounting policy from October 2016 to July 2019. From July 2014 to October 2016, Ms. Masci worked at ~~4:00~~Ernst p& Young LLP in the Banking & Capital Markets and Professional Practice groups, providing audit and advisory services to financial services clients and supporting the consultation and accounting policy process for financial services audit teams.m Ms. Masci earned her Bachelor of Science and Master of Science degrees in Accounting from the School of Management at Binghamton University, State University of New York. ~~time,~~Ms. onMasci ~~each~~is ~~business~~a ~~day~~Certified Public Accountant licensed in the state of New York.

~~Prior~~Daniel toPlourde ~~the~~has ~~changes~~served ~~announced~~as onSenior ~~May~~Vice ~~19,~~President of Finance of Grayscale since January 2026, after joining the ~~Constituent~~firm ~~Trading~~as ~~Platforms~~Vice ~~used~~President toin ~~calculate~~September 2022, and has served as Assistant Treasurer of the ~~Index~~Grayscale ~~Price~~Funds ~~for~~Trust ~~each~~since ~~respective~~2025. ~~Fund~~Mr. ~~Component~~Plourde ~~were~~has over 20 years of financial services experience, including senior roles in treasury, fund administration, and financial planning. Prior to joining Grayscale, Mr. Plourde served as ~~follows:~~Vice President at Gabelli Asset Management and Vice President of the Gabelli Funds Trusts. Previously, Mr. Plourde served as Vice President at State Street Global Advisors and Assistant Treasurer of the SPDR ETF Trusts. Mr. Plourde earned his Master of Business Administration with a concentration in Accounting from the University of Massachusetts Boston.

Bitcoin:

Bitcoin-U.S. Dollar (“USD”) Trading Pairs: Binance, Bitstamp by Robinhood (“Bitstamp”), Bullish, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, and OKX.

Bitcoin-U.S. Dollar Coin (“USDC”) Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Gate, Kraken, and OKX.

Ether:

Ether-USD Trading Pairs: Binance, Bitstamp, Bullish, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, and OKX.

Ether-USDC Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Gate, Kraken, and OKX.

XRP:

XRP-USD Trading Pairs: Bitstamp, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, and OKX.

XRP-USDC Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Gate, Kraken, and OKX.

SOL:

SOL-USD Trading Pairs: Binance, Bitstamp, Bullish, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, and OKX.

SOL-USDC Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Gate, Kraken, and OKX.

BNB:

BNB-USD Trading Pairs: Binance, Bitstamp, Kraken, and OKX.

BNB-USDC Trading Pairs: Binance, Bybit, Gate, Kraken, and OKX.

Effective May 19, 2026, the Index Provider added OSL (BTC-USD, ETH-USD, and SOL-USD trading pairs), Bybit (BTC-USD and ETH-USD trading pairs), and Gemini (BNB-USD trading pair) as Constituent Trading Platforms used to calculate the Index Prices for Bitcoin, Ether, SOL, and BNB due to the trading platforms meeting the Index Provider’s conditions for inclusion, and did not remove any Constituent Trading Platforms as part of its scheduled monthly review. As of the date of this current report, the Constituent Trading Platforms used to calculate the Index Price for each respective Fund Component were as follows:

Bitcoin:

Bitcoin-USD Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, OKX, and OSL.

Bitcoin-USDC Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Gate, Kraken, and OKX.

Ether:

Ether-USD Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, OKX, and OSL.

Ether-USDC Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Gate, Kraken, and OKX.

XRP:

XRP-USD Trading Pairs: Bitstamp, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, and OKX.

XRP-USDC Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Gate, Kraken, and OKX.

SOL:

SOL-USD Trading Pairs: Binance, Bitstamp, Bullish, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, OKX, and OSL.

SOL-USDC Trading Pairs: Binance, Bitstamp, Bullish, Bybit, Gate, Kraken, and OKX.

BNB:

BNB-USD Trading Pairs: Binance, Bitstamp, Gemini, Kraken, and OKX.

BNB-USDC Trading Pairs: Binance, Bybit, Gate, Kraken, and OKX.

The Index Provider may change the trading venues that are used to calculate an Index Price, or otherwise change the way in which an Index Price is calculated, at any time. For example, the Index Provider has scheduled monthly reviews, in which it may add or remove Constituent Trading Platforms that satisfy or fail the criteria described in “Item 1. Business—Overview of the Digital Asset Industry and Market—The Index Prices” in the Fund’s Annual Report on Form 10-K for the year ended June 30, 2025, as filed with the Securities and Exchange Commission on September 5, 2025.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			Grayscale Investments Sponsors, LLC, as Manager of Grayscale CoinDesk Crypto 5 ETF
Date:	~~May~~July 222, 2026	By:	/s/ ~~Edward~~Kathryn ~~McGee~~Masci
			Name: Edward McGeeTitle: Chief Financial Officer (Principal Financial and Accounting Officer)*
			Name: Kathryn MasciTitle: Co-Chief Financial Officer (Principal Financial and Accounting Officer)*

* The Registrant is a fund and the identified person signing this report is signing in their capacity as an authorized officer of Grayscale Investments Sponsors, LLC, the Manager of the Registrant.

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