# Grayscale CoinDesk Crypto 5 ETF

Grayscale CoinDesk Crypto 5 ETF is an ETF based in New York, United States.

## Overview

- **Organization type:** ETF
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, New York, United States
- **Assets under management:** Undisclosed
- **Website:** grayscale.com

## Regulatory record

- **Reports private funds:** No

## About

Grayscale Investments, led by CEO Michael Sonnenshein, has been a dominant force in crypto asset management since 2014. The firm operates under Digital Currency Group, a parent company founded by Barry Silbert. The Grayscale CoinDesk Crypto 5 ETF, launched in 2024, tracks the CoinDesk Crypto 5 Index and rebalances quarterly. The ETF allocates across Bitcoin, Ethereum, and three additional cryptocurrencies selected by the CoinDesk Indexes methodology. It provides a single-ticker, regulated vehicle for diversified crypto exposure without requiring individual token custody. The fund competes directly with single-asset Bitcoin and Ethereum ETFs. Total AUM for the ETF is not publicly disclosed. Grayscale's broader product suite includes the Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE), which combined held over $25B in assets at peak. The firm maintains offices in New York and Stamford, Connecticut. Unlike many crypto funds, the CoinDesk Crypto 5 ETF operates as a passive, rules-based vehicle tied to a transparent index. This structure eliminates active management discretion and lowers fees relative to actively managed crypto funds. The fund targets investors seeking broad, diversified crypto market exposure in a single trade.

## Sectors

- Crypto
- Digital Assets

## People

- Michael Sonnenshein — CEO

## Questions

### Who runs investment decisions at Grayscale CoinDesk Crypto 5 ETF?

The ETF is managed by Grayscale Investments under CEO Michael Sonnenshein, with the index methodology provided by CoinDesk Indexes. Investment committee structures and individual portfolio managers are not publicly disclosed.

### How does the ETF source its index methodology?

The fund tracks the CoinDesk Crypto 5 Index, which selects and weights the five largest cryptocurrencies by market capitalization. The index rebalances quarterly and is published by CoinDesk Indexes, a subsidiary of CoinDesk.

### Does the Grayscale CoinDesk Crypto 5 ETF invest in all cryptocurrencies?

No. It limits holdings to the five largest cryptocurrencies by market cap per CoinDesk Indexes methodology. Excluded assets include smaller altcoins, stablecoins, and tokens that do not meet liquidity thresholds.

### How does this ETF differ from Grayscale's Bitcoin Trust?

The Crypto 5 ETF offers diversified exposure across multiple digital assets, while GBTC invests solely in Bitcoin. The ETF is structured as a passively managed fund with rebalancing, unlike GBTC which historically traded at premium or discount.

### Is the ETF available to retail investors?

Yes. As a listed ETF, it trades on stock exchanges and is accessible through standard brokerage accounts. This contrasts with Grayscale's earlier trusts which traded over-the-counter.

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Last updated: 2026-06-03T20:00:00.000Z

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