On Tuesday, the Wall Street regulator issued an order finding that it had good cause to approve ETF conversion for the Grayscale product, dubbed the Grayscale Digital Large Cap Fund (GDLC), on an accelerated basis.
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SEC Hits Pause on Grayscale's XRP, Solana and Cardano ETF Conversion
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The SEC approved Grayscale’s ETF conversion through delegated authority on an accelerated basis, without requiring a commissioner vote
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