Grayscale’s Latest Action Excites XRP Army

Grayscale Unveils Public Installations for GDLC ETF Components

Grayscale has launched a series of public installations across New York City to showcase the assets included in its recently introduced multi-asset exchange-traded fund, the CoinDesk Crypto 5 ETF (GDLC). Among the highlighted assets is XRP, which Grayscale emphasizes for its tangible real-world utility and its significance within the ETF's structure and the broader digital asset market. These installations accompany the growing interest in the GDLC fund, which began trading in September 2025 and provides regulated exposure to several prominent cryptocurrencies, with XRP being a key holding.

The initiative was announced by Grayscale via an update on X, detailing the effort to bring the digital assets represented in GDLC into public view. Large-scale displays have been strategically placed throughout New York City, with each display dedicated to one of the five assets featured in the ETF.

Each installation is designed to underscore the unique role of its corresponding asset within the cryptocurrency ecosystem. The accompanying messaging explains Grayscale's perspective on the function or contribution of each digital asset. The display for XRP specifically focuses on its reputation for utility and the practical applications associated with the token. By making these installations public, Grayscale aims to enhance the fund's visibility and broaden awareness of the digital assets it tracks.

XRP's Position Within the GDLC Fund

This promotional campaign aligns with the GDLC fund's market debut on September 19, 2025. The ETF is notable as the first U.S.-listed investment product offering exposure to multiple leading digital assets within a single regulated framework. The fund's composition is determined by market capitalization weighting and undergoes periodic rebalancing. According to the latest available data, the GDLC fund allocates the largest portion to Bitcoin at 75.53%, followed by Ethereum at 15.20%. XRP constitutes 5.45% of the portfolio, while Solana represents 3.08%, and Cardano holds the remaining 0.74%. XRP's allocation exceeding five percent highlights its significance in institutional portfolios seeking diversified exposure. Its inclusion at this level suggests Grayscale views it as an established component of the large-cap digital asset sector.

ETF Structure and Current Market Metrics

The GDLC ETF tracks the aggregate value of its underlying cryptocurrencies using a net asset value (NAV) methodology. Investors can access these assets through the ETF without the complexities of managing private keys or direct custody of digital tokens. Coinbase Custody Trust Company is responsible for the custody of the fund's assets.

As of November 14, 2025, the fund reports the following key metrics:

• •
  Non-GAAP assets under management: $579,304,467
• •
  NAV per share: $44.88
• •
  Market price: $44.85
• •
  Shares traded daily: 980,645
• •
  One-day NAV change: –$1.52 (–3.28%)
• •
  One-day market price change: –$1.45 (–3.13%)
• •
  Premium or discount: –0.07%

While the fund has experienced short-term price fluctuations consistent with broader market trends, the narrow gap between its NAV and market price indicates stable trading performance for this multi-asset crypto ETF.

Implications for XRP and Market Positioning

Grayscale's decision to prominently feature XRP alongside Bitcoin, Ethereum, Solana, and Cardano in a major public campaign signifies its acknowledgment of XRP's role within the digital asset landscape. The emphasis on "real-world utility" aligns with narratives that associate XRP with practical financial applications and institutional adoption.

These installations are being rolled out as Grayscale prepares to launch additional XRP-focused investment products. The company is actively advancing plans for a dedicated XRP spot ETF, with expectations that its progression may accelerate now that federal government operations have resumed. For XRP investors, this current campaign reinforces the asset's growing visibility within regulated financial products and its increasing presence in institutional investment discussions.