SEC temporarily halts Grayscale’s multi-asset crypto ETF debut despite conversion greenlight

Grayscale’s conversion of its Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF) has been frozen by a stay order, despite receiving approval from the Securities and Exchange Commissio...

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SEC temporarily halts Grayscale’s multi-asset crypto ETF debut despite conversion greenlight

Source: CryptoSlate

Grayscale’s conversion of its Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF) has been frozen by a stay order, despite receiving approval from the Securities and Exchange Commission (SEC) on July 1. Bloomberg ETF analyst James Seyffart said in a social media post on July 2 that the stay blocks the conversion “for now” […]