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Launched · SEC filings

Grayscale CoinDesk Crypto 5 ETF

GDLCNYSE ArcaGrayscaleA

$34.43−0.03 (−0.09%)

As of Nov 2, 2026, 3:59 PM ET

A71/ 100

Rank 2 of 10 in Spot Crypto Basket

A71/100Rank 2 of 10inSpot Crypto Basket
Intraday session: down, 79 prints from 34.46 to 34.43. Range 34.42 to 35.09. Use the arrow keys to read each point.34.6034.8035.0010 AM12 PM2 PM4 PM
Expense ratio
0.59%
Fund size
$390M
1Y total return
−34.9%
Yield · Last 12 months
No data
Holdings
5
Avg volume · 30D
35.8K sh
52W range
low $25.97high $51.76
Launched
Filings
SEC EDGAR

The ETF.net GDLC Grade

Based on 5 of 6 pillars

A

Score 71 out of 100

Category
Spot Crypto Basket⁠
Rank
2 of 10
Six-pillar profile for GDLC. Scores out of 100: Cost 58, Risk 35, Mission 100, Tradability 83, Holdings not scored, Durability 75. Strongest: Mission (100). Weakest: Risk (35). Based on 5 of 6 pillars.

Score 71 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B58 out of 100
    Rank 4 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 8

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D35 out of 100
    Rank 6 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A83 out of 100
    Rank 1 of 10

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A75 out of 100
    Rank 2 of 10

Our read on GDLC

ETF.net Research

In short

AOne ticker, five large liquid coins, market-cap weighted by the CoinDesk 5 Index. Grayscale's 2018-vintage basket predates the spot-crypto ETF crowd, and its fee now sits right at the middle of that pack.

Stated mandate

The fund provides exposure to the market-cap-weighted performance of five large, liquid crypto assets, offering diversified access to the cryptocurrency market.

Why people hold it

  • Five large, liquid coins in a single market-cap-weighted basket tracking the CoinDesk 5 Index. No exchange accounts, no wallets, no seed phrases.
  • At 0.59% a year it lands at the median for multi-coin baskets, and far under the 2.50% Bitwise charges on BITW.
  • Running since 2018, one of the longest histories among multi-coin crypto funds, and it stands in the upper half of that group.
  • The mandate is literal: hold the index's five names at market-cap weight. No manager hunting the next winner.

Worth knowing

  • Trades lightly for its category, so spreads can run wider than the headline crypto funds. Limit orders earn their keep here.
  • Five coins at market-cap weight means the largest one carries most of the load. This is concentrated crypto exposure, and it moves like it.
  • Cheaper doors to the same basket idea exist: EZPZ at 0.00% and NCIQ at 0.25%. And there is no income here, only coin prices.

GDLC Performance

Launched Feb 1, 2018

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
GDLC$6,512
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. GDLC $6,512. SPY $11,199. Use the arrow keys to read each point.$5,000$7,500$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GDLC. Periods over one year show the average yearly return.
PeriodGDLC
Year to date−16.6%
1 month−10.2%
3 months+20.9%
1 year−34.9%
3 yearsper year+40.2%
5 yearsper year+0.1%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GDLC
YearReturn barGDLC
2026 YTD−16.6%
2025+0.4%
2024+137.0%
2023+353.3%
2022−84.2%
2021+27.4%
2020+233.9%

GDLC in the news

GDLC Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

GDLC Risk

Risk pillarD35 out of 100Rank 6 of 10 in Spot Crypto Basket
How much the fund’s monthly returns vary, scaled to a year.
70.1%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.73
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−89.0%
Trough Jan 2023
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.44
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

GDLC Cost

Compare GDLC and EZPZ

Overpaying vs EZPZ, cheapest in Spot Crypto Basket

$7,683

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GDLC 0.59%

    $11,635

  • EZPZ 0.19% Cheapest

    $3,952

$10,000
30 years

Cost over time

  • GDLC 0.59%
  • EZPZ 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530GDLC $11,635EZPZ $3,952

Year by year

YearGDLCEZPZOverpaying
10$1,058$347$711
20$4,051$1,351$2,700
30$11,635$3,952$7,683

Other funds in Spot Crypto Basket

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