Grayscale CoinDesk Crypto 5 ETF (GDLC)
Grayscale CoinDesk Crypto 5 ETF operates in the Asset Management - Cryptocurrency industry of the Financial Services sector, headquartered in Stamford, CT, US. The stock last traded at $28.64, down 0.19% on the session, giving a market capitalisation of $389.7M. On trailing twelve-month figures it carries a trailing P/E of -2.33, a net margin of 96.0%. Its beta of 2.80 implies it has historically moved more than the broad market.
The Grayscale CoinDesk Crypto 5 ETF is the first exchange-traded fund listed in the U.S. that offers exclusive investment in, and derives its value from, a collection of prominent large-capitalization digital assets. This structure provides a security-based pathway for investors to access leading cryptocurrencies, eliminating the difficulties often linked with directly buying, storing, and securing these digital assets. The fund aims for its share value (calculated based on net asset value) to faithfully reflect the aggregate value of the digital assets it possesses, which is determined by their specific index prices or reference rates and their proportions within the fund, less any fund expenses and other financial obligations.
Grayscale CoinDesk Crypto 5 ETF is most often compared with the following Financial Services names: