My guess tho: They want to issue the crypto ETP listing standards before any '33 act spot ETFs hit market with these other coins.
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SEC temporarily halts Grayscale’s multi-asset crypto ETF debut despite conversion greenlight
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Senior Bloomberg analyst Eric Balchunas suggested the SEC could be delaying Grayscale’s ETF to finalize new crypto exchange-traded product (ETP) listing standards and coordinate launches of altcoin spot ETFs
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