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DCG Takes Significant Stake in Grayscale CoinDesk Crypto 5 ETF

Guavy AI Editorial Team
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Digital Currency Group (DCG) and its subsidiary beneficially own 605,867 shares of Grayscale CoinDesk Crypto 5 ETF (AMEX: GDLC), representing a 5.28% stake in the fund.

According to a recent disclosure, DCG has approval to buy up to $200 million worth of shares across designated investment products, though this authorization does not mandate any purchases during specific periods.

The Grayscale CoinDesk Crypto 5 ETF, which trades on NYSE Arca under the ticker GDLC, operates as a passive investment vehicle aimed at mirroring the value of its digital asset components, net of expenses and liabilities.

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