Grayscale CoinDesk Crypto 5 ETF has reported significant financial developments in its latest 10-Q filing for the quarter ending March 31, 2026. The fund's net assets decreased to $379.1 million, reflecting a 30% decline from $603.1 million reported in the previous fiscal period. This decrease is attributed to a net investment loss of $124.2 million, which includes a realized loss of $123.6 million from investments in digital assets, primarily due to price depreciation across the fund's holdings. The principal market net asset value (NAV) per share also fell to $31.13, down from $38.01 a year earlier.
In terms of operational metrics, the fund experienced a notable reduction in shares outstanding, with 12.2 million shares reported as of March 31, 2026, compared to 15.9 million shares a year prior. The fund issued 170,000 shares during the quarter but redeemed 1.03 million shares, leading to a net decrease of 860,000 shares. The total value of shares redeemed was approximately $41 million, indicating a significant outflow of capital from the fund.
Strategically, the fund has undergone a transition in its investment strategy, shifting from the Digital Large Cap Select Index (DLCS) to the CoinDesk 5 Index (CD5) as of June 5, 2025. This change aims to enhance the fund's exposure to leading digital assets, which now include Bitcoin, Ether, BNB, XRP, and Solana. The fund's investment in Bitcoin, which constituted 74.5% of its net assets, was valued at $282.2 million, while Ether accounted for 13.9% with a value of $52.7 million.
Looking ahead, the fund's management has indicated a cautious outlook, emphasizing the volatility of digital asset markets and the potential for further fluctuations in net asset value. The fund's performance will continue to be influenced by market conditions, including the prices of its underlying assets and investor sentiment. The management remains committed to maintaining a diversified portfolio aligned with the CD5 methodology, which is designed to minimize transaction costs and provide large-cap coverage of the digital asset market.
About Grayscale Digital Large Cap Fund LLC
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.