Grayscale CoinDesk Crypto 5 ETF Reports $253.8M Net Asset Decrease for Year Ended June 30, 2026

Grayscale CoinDesk Crypto 5 ETF reported a net decrease in net assets resulting from operations of $253.8 million for the year ended June 30, 2026. This decrease was primarily driven by a net realized and unrealized loss on investments in digital assets totaling $246.7 million. The Fund's net assets stood at $309.0 million as of June 30, 2026, representing a 60% decrease from the previous fiscal year. This decline in net assets is attributed to the overall price depreciation of the Fund's components, significant redemptions of Shares valued at $338.0 million, and the withdrawal of digital assets to pay the Manager's Fee, which amounted to $7.1 million for the fiscal year.

Compared to the prior fiscal year, the Fund experienced a substantial shift in its financial performance. For the year ended June 30, 2025, the Fund reported a net increase in net assets resulting from operations of $250.3 million, driven by a net realized and unrealized gain on investments of $266.4 million. Net assets grew by 47% to $777.2 million by the end of that fiscal year. The decrease in net assets for the fiscal year ended June 30, 2026, is largely due to market depreciation of digital assets and substantial share redemptions, which were not offset by new share creations.

The Fund's investment strategy remained consistent, aiming to reflect the value of the digital assets comprising the CoinDesk 5 Index (CD5). As of June 30, 2026, the Fund's portfolio consisted of Bitcoin, Ether, BNB, XRP, and Solana. The Fund's investment objective is to track the value of these digital assets, less expenses. The Manager's Fee, which is paid in digital assets, was $7.1 million for the year ended June 30, 2026, a decrease from $16.1 million in the prior year, reflecting the reduced asset base.

Looking ahead, the Fund's performance will continue to be influenced by the volatility of the digital asset markets and the performance of its underlying components. The Fund's net assets have decreased significantly due to market depreciation and redemptions, and future results will depend on market conditions and investor activity. The Fund's management anticipates that the value of Shares will continue to be directly tied to the value of the Fund Components, less expenses. The Fund's ability to create and redeem Shares is subject to market conditions and operational capabilities, which could impact its liquidity and trading price relative to its Net Asset Value.