Grayscale ETF Enters and Terminates Agreements

Ticker: GDLC · Form: 8-K · Filed: 2025-10-09T00:00:00.000Z

Sentiment: neutral

Topics: agreement, termination, ETF

TL;DR

Grayscale ETF just signed and broke a deal on the same day. WTF?

AI Summary

On October 3, 2025, Grayscale CoinDesk Crypto 5 ETF entered into a material definitive agreement and also terminated a material definitive agreement. The filing does not specify the nature of these agreements or the counterparty involved.

Why It Matters

This filing indicates significant, albeit unspecified, changes in the contractual relationships of the Grayscale CoinDesk Crypto 5 ETF, potentially impacting its operations or holdings.

Risk Assessment

Risk Level: medium — The filing indicates significant contractual changes for the ETF, but the lack of detail on the nature of these agreements introduces uncertainty.

Key Players & Entities

FAQ

What was the material definitive agreement that Grayscale CoinDesk Crypto 5 ETF entered into?

The filing does not specify the details of the material definitive agreement entered into by Grayscale CoinDesk Crypto 5 ETF.

What was the material definitive agreement that Grayscale CoinDesk Crypto 5 ETF terminated?

The filing does not specify the details of the material definitive agreement terminated by Grayscale CoinDesk Crypto 5 ETF.

Who was the counterparty to the agreements entered into and terminated by the ETF?

The filing does not disclose the identity of the counterparty to the agreements.

What is the significance of the ETF entering into and terminating agreements on the same day?

The filing does not provide an explanation for the simultaneous entry into and termination of agreements.

Does this filing indicate any changes to the ETF's holdings or investment strategy?

The filing does not explicitly state any changes to the ETF's holdings or investment strategy, but the contractual changes could imply such shifts.

From the Filing

0001193125-25-236063.txt : 20251009 0001193125-25-236063.hdr.sgml : 20251009 20251009171726 ACCESSION NUMBER: 0001193125-25-236063 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20251003 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20251009 DATE AS OF CHANGE: 20251009 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grayscale CoinDesk Crypto 5 ETF CENTRAL INDEX KEY: 0001729997 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets EIN: 981406784 STATE OF INCORPORATION: E9 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-42855 FILM NUMBER: 251385861 BUSINESS ADDRESS: STREET 1: 290 HARBOR DRIVE STREET 2: 4TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 212-668-1427 MAIL ADDRESS: STREET 1: 290 HARBOR DRIVE STREET 2: 4TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 FORMER COMPANY: FORMER CONFORMED NAME: Grayscale Digital Large Cap Fund LLC DATE OF NAME CHANGE: 20180131 8-K 1 gdlc-20251003.htm 8-K 8-K false 0001729997 0001729997 2025-10-03 2025-10-03   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): October 3, 2025     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   Grayscale Digital Large Cap Fund LLC (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)) 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 1.01. Entry into a Material Definitive Agreement. Prime Broker Agreement On October 3, 2025, Grayscale Investments Sponsors, LLC, the manager (the “Manager”), on behalf of itself and Grayscale CoinDesk Crypto 5 ETF (the “Fund”), and Coinbase, Inc., the prime broker of the Fund (“Coinbase” or the “Prime Broker”), on behalf of itself and as agent for Coinbase Custody Trust Company, LLC (“Coinbase Custody” or the “Custodian&#822

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