The Wait Continues: SEC Pause on Grayscale ETF Creates New Uncertainty for Crypto Exposure
SEC unexpectedly halts Grayscale’s Digital Large Cap Fund ETF conversion days after initial approval, highlighting regulatory caution on multi-asset crypto ETFs.
The U.S. Securities and Exchange Commission (SEC) has unexpectedly placed a hold on Grayscale’s plan to convert its Digital Large Cap Fund (GDLC) into a spot exchange-traded fund (ETF). This decision came just days after an initial approval, creating a ripple of uncertainty for investors eager for broader crypto exposure. The pause highlights the SEC’s cautious approach to multi-asset cryptocurrency ETFs, signaling a potential need for more comprehensive regulatory guidelines before such products can be widely adopted.
Grayscale’s Long Pursuit of ETF Status
Grayscale…
