SEC Freezes Grayscale ETF Conversion After Swift Approval
Reading Time: < 1 minute
The SEC has abruptly halted Grayscale’s crypto ETF conversion, reversing its decision just one day after clearing the fund for trading.
The Digital Large Cap Fund—dominated by Bitcoin (80%) and Ethereum (11%)—was set to transition into an ETF before the Commission intervened.
In a letter to the NYSE, the SEC confirmed the stay, leaving investors in limbo.
The agency is also reviewing dozens of other crypto ETF proposals, signaling continued regulatory uncertainty in the space.
Follow and like us on
