SEC Pauses Grayscale Multi-Crypto ETF Conversion for Review
July 2, 2025
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The U.S. Securities and Exchange Commission (SEC) has temporarily halted the conversion of Grayscale’s $755 million Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF), just one day after initially approving the move. The decision follows a commissioner-led review of the staff-approved conversion, freezing the process until further notice.
