Grayscale CoinDesk Crypto 5 ETF
GDLC
88 hedge funds and large institutions have $169M invested in Grayscale CoinDesk Crypto 5 ETF in 2025 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 18 closing their positions.
111% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 18
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
26% more funds holding
Funds holding: 70 → 88 (+18)
4.42% more ownership
Funds ownership: 26.61% → 31.03% (+4.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
12% less capital inflows, than outflows
Capital inflows: $134M | Capital outflows: $152M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Riversedge Advisors
Wilmington,
Delaware
|
+$5.38M |
| 2 |
Independent Financial Group
San Diego,
California
|
+$4.45M |
| 3 |
Pathstone Holdings
Englewood,
New Jersey
|
+$2.69M |
| 4 |
Mariner
Overland Park,
Kansas
|
+$1.44M |
| 5 |
FAM
Formidable Asset Management
Cincinnati,
Ohio
|
+$1.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Discovery Capital Management
South Norwalk,
Connecticut
|
-$66.5M |
| 2 |
Farallon Capital Management
San Francisco,
California
|
-$47.6M |
| 3 |
YC
Yarbrough Capital
Franklin,
Tennessee
|
-$12.4M |
| 4 |
VF
Virtu Financial
New York
|
-$10.4M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$5.04M |
GDLC Hedge Fund Activity: Q4 2025 in Review
88 of the 8,287 institutional investors tracked by Wall St. Rank reported a position in Grayscale CoinDesk Crypto 5 ETF (GDLC) for Q4 2025, worth a combined $169M — down 29% from $236M a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new GDLC positions and 18 closed out — a net gain of 20 holders — while 16 added to existing stakes and 12 trimmed.
The largest buyer was Riversedge Advisors, opening a new position worth an estimated $5.38M. The largest seller was Discovery Capital Management, cutting an estimated $66.5M.
- 88 institutional investors held Grayscale CoinDesk Crypto 5 ETF (GDLC) as of Q4 2025, up from 70 in Q3 2025.
- Funds reported $169M of Grayscale CoinDesk Crypto 5 ETF stock for Q4 2025, down 29% quarter-over-quarter.
- 38 funds opened new Grayscale CoinDesk Crypto 5 ETF positions in Q4 2025 and 18 closed out, a net change of +20 holders.
- The largest Grayscale CoinDesk Crypto 5 ETF buyer in Q4 2025 was Riversedge Advisors, an estimated $5.38M added.
- The largest Grayscale CoinDesk Crypto 5 ETF seller in Q4 2025 was Discovery Capital Management, an estimated $66.5M sold.
Based on aggregated 13F filings for Q4 2025.