The U.S. Securities and Exchange Commission put a pause on converting Grayscale’s Digital Large Cap Fund LLC into an ETF.

Date

July 2, 2025

Quotes that support claims

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.

The U.S. Securities and Exchange Commission put a pause on converting the Grayscale Digital Large Cap Fund LLC a day after agency staff greenlit the fund to begin trading.

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Week 27 of 2025