• Grayscale’s new Crypto 5 ETF  trades on NYSE Arca, giving investors access to five major digital assets.
• The ETF removes key barriers and allows investors to hold crypto without buying each token directly.
• SEC approval under new rules speeds up crypto ETF listings and boosts institutional access to digital assets.

Grayscale Investments has officially announced its new cryptocurrency ETF called Grayscale CoinDesk Crypto 5 ETF. The U.S. Securities and Exchange Commission (SEC) authorized the decision. The fund currently trades on NYSE Arca. This trend is an indication of a significant change in regulated crypto investment in the U.S.

Previously, the ETF was called the Grayscale Digital Large Cap Fund, and it was listed as GDLC. It holds a diversified basket of five top cryptocurrencies. These include Bitcoin, Ethereum, XRP, Solana, and Cardano. The ETF’s structure allows investors to hold fractional interests in its total capital and assets.

Trading Access Expands for Investors

By moving to NYSE Arca, the ETF removes several restrictions that previously limited investor access. This change eliminates redemption barriers, which had prevented many large entities from participating. The SEC’s approval under the new generic listing standards also speeds up the launch process.

Investors have easier access to crypto assets through a single, regulated product. There is no longer a need to buy and store tokens individually. The new structure opens up more participation from financial advisors and institutional investors.

Crypto Markets Show Positive Momentum

The ETF’s launch coincides with strong performance in the cryptocurrency market. Bitcoin recently rose nearly 2% to $117,828. Ethereum climbed over 3%, trading at $4,609. XRP gained almost 3%, reaching $3.11. Meanwhile, Solana and Cardano both rose by more than 6%.

The growing interest in altcoins can also be seen in the activity of the market. Many investors expect a shift toward broader altcoin adoption. A Coinbase report predicted an altcoin season beginning in September. The timing aligns with the ETF launch, potentially increasing its appeal.

Regulatory Changes Support New Listings

The SEC approved Grayscale’s ETF using new standards that simplify the process for crypto-related ETFs. These rules remove the need for each product to be reviewed individually. As a result, more multi-asset funds could launch in the future.

The SEC Crypto Task Force played a key role in developing these guidelines. The task force, formed earlier this year, aims to create a clearer regulatory path for digital assets. The ETF’s approval highlights a shift in the SEC’s approach to crypto oversight.

Industry leaders have called this a milestone for broader crypto adoption. The ETF’s exposure to five major assets offers a unique investment option. It also positions Grayscale to compete directly with existing spot Bitcoin ETFs.