Grayscale Investments has brought a new twist to crypto investing, rolling out the first multi-token exchange-traded product available in the U.S.

The Grayscale CoinDesk Crypto 5 ETF begins trading Friday on NYSE under the ticker GDLC. The fund bundles together the five largest and most liquid digital assets — bitcoin, ether, XRP, Solana, and Cardano. These five tokens capture more than 90% of the market capitalization of the digital-asset class, according to Grayscale.

"We are ushering in the age of crypto index investing," Peter Mintzberg, CEO of Grayscale, told CNBC. "We are typically in the first mover position. Grayscale will continue innovating at scale for investors to access the fastest growing asset class of the last 10 years."

The long-awaited launch followed an approval Wedne

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