GDLC: the first multi-asset crypto ETP in the U.S.
A message from Grayscale is excited to announce the launch of Grayscale CoinDesk Crypto 5 ETF (ticker: GDLC ) — the first crypto exchange-traded product in the U.S offering investors access to the market cap-weighted performance of the five largest and most liquid crypto assets 1 , covering 90% of the crypto market's capitalization 2 . Grayscale CoinDesk Crypto 5 ETF ("GDLC" or the "Fund"), an exchange traded product, is not registered under the Investment Company Act of 1940 (or the '40 Act) and therefore is not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds. Investing involves risk, including possible loss of principal. An investment in GDLC is subject to a high degree of risk and volatility. GDLC is not suitable for an investor that cannot afford the loss of the entire investment. An investment in the Fund is not a direct investment in any cryptocurrency. "The Crypto 5" is an effi...