Summary
- Grayscale's 'CoinDesk Crypto5 ETF' is set to begin trading.
- The ETF reportedly includes Bitcoin, Ethereum, Solana, XRP, Cardano.
- The U.S. Securities and Exchange Commission (SEC) has approved the conversion of the ETF.
GDLC, Grayscale's spot crypto asset basket, is set to begin trading under the name 'Grayscale CoinDesk Crypto5 ETF'.
On the 19th (local time), Eric Balchunas, a Bloomberg ETF analyst, said on X(formerly Twitter), "Grayscale's spot crypto asset basket GDLC will trade from today under the name 'Grayscale CoinDesk Crypto5 ETF'," adding, "market sentiment is changing quickly." The ETF is reported to include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP (XRP), Cardano (ADA).
Meanwhile, the U.S. Securities and Exchange Commission (SEC) has approved Grayscale's application to convert GDLC into an ETF.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
