On September 29, 2026, the manager of the Grayscale CoinDesk Crypto 5 ETF entered into the Sixth Amendment to its Master Custody Service Agreement with Anchorage Digital Bank N.A. This agreement allows the Fund to utilize Anchorage Digital to custody a portion of its assets. The manager, Grayscale Investments Sponsors, LLC, intends to use Anchorage Digital’s services to hold a portion of the Fund’s Fund Components.
The filing notes that the addition of Anchorage Digital is part of the Manager’s ongoing risk management approach as the Fund’s size grows. Coinbase Custody Trust Company, LLC remains the Fund’s primary custodian, and the existing custody arrangement with Coinbase is unaffected by this new agreement.
Under the terms of the Anchorage Digital Custodian Agreement, the custodian will generate private keys and corresponding public keys to store the Fund’s digital assets. The hardware security module used to safeguard these keys is located in the United States. The Manager has not yet determined the total amount of the Fund’s assets that will be moved to Anchorage Digital.
The agreement outlines that upon Manager instruction, Anchorage Digital will withdraw the necessary amount of Fund Components to pay the Fund’s Manager’s Fee and any Additional Fund Expenses. Regarding network forks, the agreement states that Anchorage Digital may temporarily suspend services and determine whether to support one branch of a forked protocol, provided it uses commercially reasonable efforts to avoid ceasing support for both branches.
The Additional Custodian is required to maintain commercial crime insurance or a fidelity bond with limits of not less than $100 million in the aggregate. The filing includes a disclosure that shareholders cannot be assured that the Additional Custodian will maintain adequate insurance or that coverage will cover losses with respect to the Fund’s assets.
