SEC Delays Grayscale’s New Basket ETF Despite Previous Approval

Description

Despite approving Grayscale’s new five-asset basket ETF yesterday, the SEC issued a stay order on it. This prevents the product from going to market for an indefinite period.

Authors

Landon Manning

Publish date

July 3, 2025

Publisher

BeInCrypto

Web URL

https://beincrypto.com/grayscale-new-crypto-etf-sec-delay

Referenced by

SEC delays Grayscale’s new ETF launch

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News story

The Office of the Secretary will notify you of any pertinent action taken by the Commission,” the SEC claimed in a letter addressed to the NYSE.

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Quote

Bloomberg analyst James Seyffart hypothesized that the SEC doesn’t want to launch any altcoin ETFs without establishing a new legal framework.

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