Grayscale Investments®, the world’s largest digital asset-focused investment platform, announced that Grayscale CoinDesk Crypto 5 ETF (Ticker: GDLC), formerly known as Grayscale Digital Large Cap Fund, has begun trading on NYSE Arca as a multi-asset ETP, the first of such products available in the U.S. GDLC, 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 ’40 Act-registered ETFs and mutual funds. An investment in GDLC involves significant risk, including possible loss of principal. The Fund holds digital assets; however, an investment in the Fund is not a direct investment in digital assets. GDLC is the first multi-asset crypto ETP, offering exposure to the five largest and most liquid crypto assets² – Bitcoin, Ether, XRP, Solana, and Cardano. It provides investors with broad access to the digital asset market while maintaining a strategic focus on five of the most established assets by market capitalization and liquidity. The fund rebalances quarterly to maintain alignment with the leading assets in the crypto market and tracks the CoinDesk 5 Index, developed by CoinDesk Indices, a leading crypto index provider. As of today, GDLC delivers exposure to over 90%³ of the market capitalization of the asset class, which positions it as a compelling option for investors seeking broad participation in the digital asset ecosystem.