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).

Date

July 1, 2025

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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