Grayscale Digital Large Cap Fund plans name change and NYSE Arca listing

Grayscale Digital Large Cap Fund LLC (OTCQX:GDLC), currently trading at $47.28 with a market capitalization of $744 million, announced Thursday its intention to change its name to Grayscale CoinDesk Crypto 5 ETF, effective on or about July 2, 2025, pending regulatory approvals. The announcement was made by Grayscale Investments Sponsors, LLC, the fund’s manager, according to a statement filed with the Securities and Exchange Commission.

As part of the name change, the fund’s governing agreement will be amended to reflect the new name, with the changes expected to take effect on or about July 2, 2025, subject to regulatory clearance.

Shares of the fund are anticipated to begin trading on NYSE Arca under the name Grayscale CoinDesk Crypto 5 ETF and the symbol “GDLC” on or about July 2, 2025, if all required approvals are received. The fund’s outstanding stock certificates will remain valid and do not need to be exchanged as a result of the name change.

The manager stated that there is no assurance the shares will list and trade on NYSE Arca according to the anticipated timeline, or at all.

This information is based on a press release statement included in the company’s SEC filing.

In other recent news, Grayscale Digital Large Cap Fund LLC has entered into an agreement with BNY Mellon Asset Servicing, a division of The Bank of New York Mellon (NYSE:BK). This agreement, which was disclosed in a filing with the Securities and Exchange Commission (SEC), involves BNY Mellon providing administrative and accounting services to the fund. The partnership is facilitated by Grayscale Investments Sponsors, LLC, the fund’s manager, and is detailed in the Fund Administration and Accounting Agreement included as an exhibit in the SEC filing. The collaboration aims to enhance the operational efficiency of the fund by leveraging BNY Mellon’s expertise in asset servicing. Grayscale Digital Large Cap Fund LLC is incorporated in the Cayman Islands and qualifies as an emerging growth company under the Securities Act of 1933 and the Securities Exchange Act of 1934. Despite this classification, the fund has not opted for the extended transition period for complying with new or revised financial accounting standards. This development is intended to strengthen the fund’s operational framework. The information was disseminated through a press release statement filed with the SEC.

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