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    <headerData>
        <submissionType>144</submissionType>
        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001977454</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
    </headerData>
    <formData>
        <issuerInfo>
            <issuerCik>1729997</issuerCik>
            <issuerName>Grayscale CoinDesk Crypto 5 ETF</issuerName>
            <secFileNumber>001-42855</secFileNumber>
            <issuerAddress>
                <com:street1>290 Harbor Drive</com:street1>
                <com:city>Stamford</com:city>
                <com:stateOrCountry>CT</com:stateOrCountry>
                <com:zipCode>06902</com:zipCode>
            </issuerAddress>
            <issuerContactPhone>212-668-1427</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>DCG International Investments Ltd</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Affiliate</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
      <securitiesInformation>
         <securitiesClassTitle>Common</securitiesClassTitle>
         <brokerOrMarketmakerDetails>
               <name>Canaccord Genuity Corp</name>
               <address>
                  <com:street1>609 Granville Street, Suite 2200</com:street1>
                  <com:city>Vancouver</com:city>
                  <com:stateOrCountry>A1</com:stateOrCountry>
                  <com:zipCode>V7Y1H2</com:zipCode>
               </address>
         </brokerOrMarketmakerDetails>
         <noOfUnitsSold>15000</noOfUnitsSold>
         <aggregateMarketValue>524053.50</aggregateMarketValue>
         <noOfUnitsOutstanding>12257400</noOfUnitsOutstanding>
         <approxSaleDate>04/27/2026</approxSaleDate>
         <securitiesExchangeName>OTCQX</securitiesExchangeName>
      </securitiesInformation>
      <securitiesInformation>
         <securitiesClassTitle>Common</securitiesClassTitle>
         <brokerOrMarketmakerDetails>
               <name>Canaccord Genuity Corp</name>
               <address>
                  <com:street1>609 Granville Street, Suite 2200</com:street1>
                  <com:city>Vancouver</com:city>
                  <com:stateOrCountry>A1</com:stateOrCountry>
                  <com:zipCode>V7Y1H2</com:zipCode>
               </address>
         </brokerOrMarketmakerDetails>
         <noOfUnitsSold>15000</noOfUnitsSold>
         <aggregateMarketValue>514900.50</aggregateMarketValue>
         <noOfUnitsOutstanding>12257400</noOfUnitsOutstanding>
         <approxSaleDate>04/28/2026</approxSaleDate>
         <securitiesExchangeName>OTCQX</securitiesExchangeName>
      </securitiesInformation>
      <securitiesToBeSold>
         <securitiesClassTitle>Common</securitiesClassTitle>
         <acquiredDate>09/22/2020</acquiredDate>
         <natureOfAcquisitionTransaction>Privately Negotiated Transaction</natureOfAcquisitionTransaction>
         <nameOfPersonfromWhomAcquired>Purchased from Issuer</nameOfPersonfromWhomAcquired>
         <isGiftTransaction>N</isGiftTransaction>
         <amountOfSecuritiesAcquired>15000</amountOfSecuritiesAcquired>
         <paymentDate>09/22/2020</paymentDate>
         <natureOfPayment>Cash</natureOfPayment>
      </securitiesToBeSold>
      <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>DCG International Investments Ltd</name>
                  <address>
                     <com:street1>3 Mill Creek Road, Ste 14</com:street1>
                     <com:city>Pembroke</com:city>
                     <com:stateOrCountry>D0</com:stateOrCountry>
                     <com:zipCode>HM 05</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>01/28/2026</saleDate>
               <amountOfSecuritiesSold>12000</amountOfSecuritiesSold>
               <grossProceeds>505843.2</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>DCG International Investments Ltd</name>
                  <address>
                     <com:street1>3 Mill Creek Road, Ste 14</com:street1>
                     <com:city>Pembroke</com:city>
                     <com:stateOrCountry>D0</com:stateOrCountry>
                     <com:zipCode>HM 05</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>01/29/2026</saleDate>
               <amountOfSecuritiesSold>12000</amountOfSecuritiesSold>
               <grossProceeds>477790.8</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>DCG International Investments Ltd</name>
                  <address>
                     <com:street1>3 Mill Creek Road, Ste 14</com:street1>
                     <com:city>Pembroke</com:city>
                     <com:stateOrCountry>D0</com:stateOrCountry>
                     <com:zipCode>HM 05</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>01/30/2026</saleDate>
               <amountOfSecuritiesSold>12000</amountOfSecuritiesSold>
               <grossProceeds>467892.0</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>DCG International Investments Ltd</name>
                  <address>
                     <com:street1>3 Mill Creek Road, Ste 14</com:street1>
                     <com:city>Pembroke</com:city>
                     <com:stateOrCountry>D0</com:stateOrCountry>
                     <com:zipCode>HM 05</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>02/02/2026</saleDate>
               <amountOfSecuritiesSold>12000</amountOfSecuritiesSold>
               <grossProceeds>434407.2</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>DCG International Investments Ltd</name>
                  <address>
                     <com:street1>3 Mill Creek Road, Ste 14</com:street1>
                     <com:city>Pembroke</com:city>
                     <com:stateOrCountry>D0</com:stateOrCountry>
                     <com:zipCode>HM 05</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>02/03/2026</saleDate>
               <amountOfSecuritiesSold>12000</amountOfSecuritiesSold>
               <grossProceeds>418302.0</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>DCG International Investments Ltd</name>
                  <address>
                     <com:street1>3 Mill Creek Road, Ste 14</com:street1>
                     <com:city>Pembroke</com:city>
                     <com:stateOrCountry>D0</com:stateOrCountry>
                     <com:zipCode>HM 05</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>02/04/2026</saleDate>
               <amountOfSecuritiesSold>12000</amountOfSecuritiesSold>
               <grossProceeds>405289.2</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>DCG International Investments Ltd</name>
                  <address>
                     <com:street1>3 Mill Creek Road, Ste 14</com:street1>
                     <com:city>Pembroke</com:city>
                     <com:stateOrCountry>D0</com:stateOrCountry>
                     <com:zipCode>HM 05</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>02/05/2026</saleDate>
               <amountOfSecuritiesSold>12000</amountOfSecuritiesSold>
               <grossProceeds>365898.0</grossProceeds>
            </securitiesSoldInPast3Months>
            <securitiesSoldInPast3Months>
               <sellerDetails>
                  <name>DCG International Investments Ltd</name>
                  <address>
                     <com:street1>3 Mill Creek Road, Ste 14</com:street1>
                     <com:city>Pembroke</com:city>
                     <com:stateOrCountry>D0</com:stateOrCountry>
                     <com:zipCode>HM 05</com:zipCode>
                  </address>
               </sellerDetails>
               <securitiesClassTitle>Common</securitiesClassTitle>
               <saleDate>04/27/2026</saleDate>
               <amountOfSecuritiesSold>15000</amountOfSecuritiesSold>
               <grossProceeds>524053.5</grossProceeds>
            </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>04/28/2026</noticeDate>
            <planAdoptionDates>
            </planAdoptionDates>
            <signature>DCG International Investments Ltd</signature>
        </noticeSignature>
    </formData>
    </edgarSubmission>