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GDLC vs TTOP

Grayscale CoinDesk Crypto 5 ETF

GDLCANYSE Arca

21Shares FTSE Crypto 10 Index ETF

TTOPCNYSE Arca

Overlap

Expense ratio

GDLC −0.98pt a year

GDLC0.59%TTOP1.57%

Avg volume · 30D

GDLC 67.1×the volume

GDLC35.8KTTOP533

GDLC vs TTOP Performance

Dec 31, 2025 – Nov 2, 2026

−16.7%GDLC−15.9%TTOP

Dec 31, 2025 to Nov 2, 2026. GDLC −16.7%. TTOP −15.9%. Use the arrow keys to read each point.−30%−10%0%10%Dec 2025Jun 2026Nov 2026
Expense ratio
GDLC 0.59%, better
TTOP 1.57%
Fund size
GDLC $390M
TTOP $1M
1Y total return
GDLC −34.9%
TTOP No data
Holdings
GDLC 5
TTOP 11
Avg volume (30D)
GDLC 35.8K sh, better
TTOP 533 sh
NAV per share
GDLC $34.58
TTOP $17.94
52W range

ETF.net Grade

GDLC: Cost 58, Risk 35, Mission 100, Tradability 77, Holdings not scored, Durability 75. TTOP: Cost 5, Risk 56, Mission 100, Tradability 12, Holdings 57, Durability 22.
Pillar letters and Scores for GDLC, TTOP, with each pillar’s weight
PillarGDLCTTOP
Cost30% weightB58HigherF5
Mission25% weightA100A100
Risk15% weightD35B56Higher
Tradability15% weightA77HigherF12
Holdings10% weightNot scoredB57
Durability5% weightA75HigherF22

Rank among Spot Crypto Basket funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. GDLC and TTOP are both graded against the same 10 Spot Crypto Basket funds, so their Grades compare head to head.

Spot Crypto Basket⁠

Category · 10 funds
See all 10 ›

GDLC ranks 3rd and TTOP 8th of 10 funds in the Spot Crypto Basket Category.

  1. Rank 1AEZPZFranklin Crypto Index ETFScore 75
  2. Rank 2ANCIQHashdex Nasdaq Crypto Index US ETFScore 71
  3. Rank 3AGDLCGrayscale CoinDesk Crypto 5 ETFScore 70
  4. Rank 4BBITWBitwise 10 Crypto Index ETFScore 62
  5. Rank 8CKRYPProShares CoinDesk 20 Crypto ETFScore 40
  6. Rank 8CTTOP21Shares FTSE Crypto 10 Index ETFScore 40
  7. Rank 8CTXBC21Shares FTSE Crypto 10 ex-BTC Index ETFScore 40

Our read on each fund

ETF.net Research

GDLCAGrayscale CoinDesk Crypto 5 ETF

TTOPC21Shares FTSE Crypto 10 Index ETF

In short

GDLC One 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.

TTOP No data

Stated mandate

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

TTOP No data

Why people hold it

  • GDLC 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.

TTOP No data

Worth knowing

  • GDLC 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.

TTOP No data

Full GDLC profile⁠

Full TTOP profile⁠

GDLC vs TTOP Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GDLC vs TTOP Cost

Overpaying TTOP vs GDLC

$15,631

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

  • GDLC 0.59%

    $11,635

  • TTOP 1.57%

    $27,266

$10,000
30 years

Cost over time

  • GDLC 0.59%
  • TTOP 1.57%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530TTOP $27,266GDLC $11,635

Year by year

YearGDLCTTOPOverpaying
10$1,058$2,703$1,645
20$4,051$9,904$5,853
30$11,635$27,266$15,631

Expense ratio

  • 0.59%GDLC, cheaper
  • 1.57%TTOP
  • Middle half of Spot Crypto Basket funds
  • Median 0.67%

GDLC 5th cheapest of 10 funds

TTOP 10th cheapest of 10 funds

GDLC vs TTOP Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
GDLC None
TTOP None

Distribution history

GDLCAll GDLC payments⁠

No distribution history available.

TTOPAll TTOP payments⁠

No distribution history available.

GDLC vs TTOP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GDLC 70.1%TTOP No data
Return per unit of riskSharpe ratio, 3 years
GDLC 0.73TTOP No data
Worst fallMax drawdown, 5 years
GDLC −88.7%TTOP No data
Market sensitivityBeta, 5 years
GDLC 2.38TTOP 1.08

GDLC and TTOP in the news

All news⁠

Popular comparisons

  • GDLCAvsEZPZA

    Grayscale CoinDesk Crypto 5 ETF · Franklin Crypto Index ETF

    Expense ratio
    0.59% · 0.19%
    Category
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  • TTOPCvsEZPZA

    21Shares FTSE Crypto 10 Index ETF · Franklin Crypto Index ETF

    Expense ratio
    1.57% · 0.19%
    Category
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  • GDLCAvsNCIQA

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    Expense ratio
    0.59% · 0.25%
    Category
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  • TTOPCvsNCIQA

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    Expense ratio
    1.57% · 0.25%
    Category
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  • GDLCAvsBITWB

    Grayscale CoinDesk Crypto 5 ETF · Bitwise 10 Crypto Index ETF

    Expense ratio
    0.59% · 0.75%
    Category
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  • TTOPCvsBITWB

    21Shares FTSE Crypto 10 Index ETF · Bitwise 10 Crypto Index ETF

    Expense ratio
    1.57% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.