
SEC halts Grayscale’s bid to covert BTC, ETH, XRP, SOL large-cap fund into a spot ETF despite approval order
Key Takeaways The Division of Trading and Markets, acting under delegated authority, approved the rule change for listing GDLC, but the Commission intervened and reviewed the approval. The approval is now stayed pending a final decision by the full Commission. Share this article Grayscale’s effort to convert its Digital Large Cap Fund (GDLC) into a…