Grayscale CoinDesk Crypto 5 ETF updates index calculation with Binance inclusion

Grayscale CoinDesk Crypto 5 ETF (NYSEARCA:GDLC) announced changes to the trading platforms used for calculating its index prices, according to a press release statement filed with the Securities and Exchange Commission. The ETF currently trades at $32.25 with a market capitalization of $396 million.

On Tuesday, CoinDesk Indices, Inc., the index provider for the fund, added Binance as a constituent trading platform for Ether, SOL, and BNB trading pairs. The change was implemented after Binance met the index provider’s conditions for inclusion. No trading platforms were removed as part of the scheduled monthly review.

The fund determines the value of each of its components based on an index price calculated from selected digital asset trading platforms. The index price is set daily at 4:00 p.m. New York time and reflects the U.S. dollar value of each component.

Before the update, the platforms used for Bitcoin and Ether included Bitfinex, Bitstamp, Bullish, Crypto.com, Gemini, Kraken, LMAX Digital, and OKX, with additional platforms for USDC trading pairs. For XRP, SOL, and BNB, the platforms included Bitfinex, Bitstamp, Crypto.com, Gemini, Kraken, LMAX Digital, OKX, and others depending on the trading pair.

Effective with the change, Binance is now included for Ether-USD, SOL-USD, and BNB-USD trading pairs. The updated list of platforms for Bitcoin, Ether, XRP, SOL, and BNB now includes Binance, Bitstamp, Bullish, Crypto.com, Gemini, HashKey, Kraken, LMAX Digital, OKX, Bybit, and Gate, as applicable to each asset and trading pair.

The index provider conducts monthly reviews and may adjust the list of trading venues used to calculate index prices based on established criteria.

This information is based on the company’s statement in its recent SEC filing.

In other recent news, Grayscale CoinDesk Crypto 5 ETF announced a change in its index calculation methodology. The ETF, known for its focus on digital assets, has added Bitstamp as a Constituent Trading Platform for the BNB-USD trading pair. This change will take effect on February 17, 2026. The ETF values its components based on the U.S. dollar index price, which is derived from multiple digital asset trading platforms. The index price for each component is calculated daily at 4:00 p.m. New York time, reflecting the trading activity from selected platforms. This development highlights Grayscale’s ongoing efforts to refine its index methodology and adapt to evolving market conditions.

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