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GDLC

GradeBNew York Stock Exchange Arca

Grayscale CoinDesk Crypto 5 ETF

Crypto · Grayscale · Inception 2018-02-01 · SEC filings

$38.56−1.08 (−2.72%)

As of Sep 23, 2026, 2:18 PM EDT

Intraday session: down, 26 prints from 39.64 to 38.56. Range 38.44 to 39.41. Use the arrow keys to read each point.$38.40$38.80$39.2010 AM12 PM2 PM4 PM
Expense ratio
0.59%
Fund size
$453M
1Y return
−28.1%
Yield · Last 12 months
—
Holdings
5
Volume · 30D
0M sh
NAV per share
$39.72
52W range
low $25.97high $61.89

The ETF.net GDLC Grade

B

66/ 100

Rank 3 of 10 in Spot Crypto Basket⁠

Confidence Medium

Six-pillar profile for GDLC. Scores out of 100: Cost 49, Risk 34, Mission 100, Tradability 72, Holdings not scored, Durability 77. Strongest: Mission (100). Weakest: Risk (34). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 66 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 49
    Category rank5/10 · top 50%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank3/6 · top 50%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 34
    Category rank7/9 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 72
    Category rank2/10 · top 20%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 77
    Category rank2/10 · top 20%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on GDLC

ETF.net Research

BOne 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

  1. 01Five large, liquid coins in a single market-cap-weighted basket tracking the CoinDesk 5 Index. No exchange accounts, no wallets, no seed phrases.
  2. 02At 0.59% a year it lands at the median for multi-coin baskets, and far under the 2.50% Bitwise charges on BITW.
  3. 03Running since 2018, one of the longest histories among multi-coin crypto funds, and it stands in the upper half of that group.
  4. 04The mandate is literal: hold the index's five names at market-cap weight. No manager hunting the next winner.

Worth knowing

  1. 01Trades lightly for its category, so spreads can run wider than the headline crypto funds. Limit orders earn their keep here.
  2. 02Five coins at market-cap weight means the largest one carries most of the load. This is concentrated crypto exposure, and it moves like it.
  3. 03Cheaper 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 Holdings

As of Sep 20, 2026, 10:02 AM
Asset class
Other
Holdings
5
Top-10 weight
100%
Largest holding
Bitcoin73.9%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Bitcoin73.90%3,885$315M4
002—Ethereum14.44%23,371$62M4
003—BNB4.63%25,792$20M1
004—XRP4.01%12,109,988$17M12
005—Solana3.02%112,881$13M6

Showing 1–5 of 5 holdings

GDLC Performance

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

GDLC$7,193
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. GDLC $7,193. SPY $11,723. Use the arrow keys to read each point.$4,227$8,273$12,320Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−4.0%
1 month+13.0%
3 months+37.7%
1 year−28.1%
3 years+68.2%per year
5 years+4.5%per year
10 yearsFund is under 10 years old—per year

As of the close, 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−4.0%
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.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

GDLC Risk

How much the fund’s monthly returns vary, scaled to a year.
74.4%
Annualised · 36 months to Aug 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.
0.92
vs 3-month T-bills · to Aug 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.
−89.1%
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.
2.67
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.

GDLC Cost

Expense ratio0.59%
  • The middle half of Spot Crypto Basket funds
  • Median 0.58%

5 of the 10 Spot Crypto Basket funds charge less.

GDLC costs $59.00 a year on $10,000. The median Spot Crypto Basket fund costs $58.50.