Bloomberg Intelligence analysts James Seyffart and Eric Balchunas wrote in a note last month that they expected the SEC to greenlight the conversions of GDLC — as well as the Bitwise 10 Crypto Index Fund (BITW) — to ETFs by the July 2 deadline.
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SEC greenlights Grayscale crypto index fund conversion to ETF
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James Seyffart and Eric Balchunas, Bloomberg analysts, projected SEC approval for crypto fund conversions like GDLC and BITW, noting that small allocations to altcoins could still be allowed even without explicit approval for each asset
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