SEC Pauses Grayscale Multi-Crypto ETF One Day After Approval


The Securities and Exchange Commission has halted Grayscale's Digital Large Cap Fund conversion hours after staff approval.


The SEC Deputy Secretary sent a stay order to the New York Stock Exchange on Wednesday.


The fund holds approximately 80% $BTC and 11% $ETH, with smaller positions in $SOL, $ADA, and $XRP.


Grayscale's closed-end fund currently trades over-the-counter for accredited investors only.


The #SEC is reviewing dozens of pending crypto ETF proposals, including funds tracking $SOL, $XRP, and $DOGE.


The agency granted initial approval on an "accelerated basis" before implementing the pause.

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July 02, 2025 at 11:24 PM
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