Grayscale Urges SEC to Allow Multi-Crypto ETF to Proceed
Grayscale Investments has called on the U.S. Securities and Exchange Commission (SEC) to allow the launch of its multi-crypto ETF—the Grayscale Digital Large Cap Fund—arguing that further delays violate statutory deadlines and harm investors.
In a formal letter sent on July 8, 2025, to SEC officials, Grayscale asserted that the Commission’s stay on a delegated approval order issued July 1 does not override a key deadline established by Congress. The firm says that under Section 19(b)(2)(D) of the Securities Exchange Act, the proposal should be considered “deemed approved” as of July 2—240 days after its publication in the Federal Register.
Legal timeline and procedural conflict
The proposal to list the fund…
