Digital asset investment platform Grayscale, is making significant headlines in the cryptocurrency space with the launch of the first multi-token exchange-traded fund (ETF) available in the United States.
Peter Mintzberg, CEO of Grayscale, emphasized the nature of this new launch, suggesting it heralds a new era of crypto index investing.
The increasing demand for diversified exposure to cryptocurrencies is evident among both institutional and retail investors amid rising prices.
The GDLC fund allocates approximately 70% of its assets to Bitcoin and 20% to Ether, and it has been trading in various forms since 2018, most recently in over-the-counter markets.
In 2025, Grayscale’s GDLC has already achieved major growth, surging over 40% as many cryptocurrencies reach record highs. Notably, the fund has outperformed Bitcoin by nearly 11% since June, thanks to the strong performance of its other constituent assets.
Eric Balchunas, a Senior ETF Analyst at Bloomberg, noted on social media that the last time a generic listing standard was implemented for ETFs, the number of launches tripled. He predicts a surge of over 100 crypto ETFs could enter the market in the coming year.
Supporters of this initiative argue that it could position digital assets on equal footing with traditional financial products, a goal that past SEC commissions have been hesitant to embrace.
He remarked, “As shown by the Bitcoin ETP launch, the market wants this product option, and this latest move both heeds that call and is a welcome return to normal course at the Commission.”
In addition to the GDLC launch, the SEC is reportedly on the verge of approving Bitwise’s BITW, an index fund that tracks the top ten cryptocurrencies by weighted market capitalization.
Next month, the SEC is also expected to consider a series of individual spot crypto ETPs, including those focused on Ethereum staking, Litecoin (LTC), Solana, XRP, and Dogecoin (DOGE).
Featured image from DALL-E, chart from TradingView.com
