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.
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SEC temporarily halts Grayscale’s multi-asset crypto ETF debut despite conversion greenlight
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The U.S. Securities and Exchange Commission put a pause on converting Grayscale’s Digital Large Cap Fund LLC into an ETF.
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The Securities and Exchange Commission initially granted approval for Grayscale’s request to convert its Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF).
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