Grayscale Coindesk Crypto 5 ETF with XRP Opens at $58

A new door to mainstream crypto investing swung open today, capturing the attention of traders and institutional watchers alike. The debut of Grayscale’s latest exchange-traded product signals more than just another ticker on the board—it underscores how quickly the regulatory landscape is evolving to bring digital assets closer to traditional markets.

The details behind this launch reveal both strategic positioning and a fresh opportunity for investors seeking diversified exposure. Launch and Opening Price Grayscale’s rebranded fund, now trading as the Grayscale CoinDesk Crypto 5 ETF (ticker: GDLC), officially began trading on Friday, September 19, 2025.

The ETF opened at approximately $58 per share on the NYSE Arca, with early transactions holding a tight range as market makers established spreads and the first wave of investors stepped in. Grayscale Coindesk Crypto 5 ETF with XRP as its 3rd largest holding opens at $58!

Let’s goooo https://t.co/zIVOus1lcs pic. twitter.

com/cPnInkQZIk — Chad Steingraber (@ChadSteingraber) September 19, 2025 Fund Composition and XRP’s Role GDLC mirrors the CoinDesk 5 Index, which captures the five largest and most liquid cryptocurrencies: Bitcoin, Ethereum, XRP , Solana, and Cardano. Bitcoin and Ethereum dominate the allocation, but XRP holds the third-largest weighting, giving U.

S. investors a direct and significant stake in the token through a single diversified vehicle.

Grayscale finalized the rebranding from its long-running Digital Large Cap Fund to the CoinDesk Crypto 5 ETF in an SEC filing dated September 18, 2025. Regulatory Context and Market Significance This listing follows the SEC’s recent adoption of new generic listing standards for commodity-backed exchange-traded products.

Those standards paved the way for GDLC’s smooth transition onto NYSE Arca and highlighted the growing acceptance of crypto assets in regulated markets. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 For investors, the ETF offers a convenient, exchange-traded wrapper for broad crypto exposure.

Still, like all ETPs, it carries operational and market-structure considerations, meaning potential buyers should weigh factors such as custody arrangements, trading spreads, and tracking accuracy before committing capital. Community Reaction and Outlook Crypto analyst Chad Steingraber spotlighted the launch and opening price on X, sparking early buzz across the community.

Market participants will be watching first-week volume, liquidity patterns, and rebalance flows to gauge how the new fund influences demand for its underlying assets. Whether GDLC simply complements single-asset ETFs or begins to reshape allocation strategies, today’s debut represents another milestone in bringing the crypto market ever closer to the heart of traditional finance.

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