SEC Temporarily Halts GDLC Listing Application as Grayscale Affirms Commitment to Crypto ETF Conversion Plan

Odaily Planet Daily reported that after the U.S. Securities and Exchange Commission (SEC) unexpectedly halted the listing process for the Grayscale Digital Large Cap Fund (GDLC), Grayscale stated it remains committed to converting the fund into an exchange-traded product (ETP). The fund consists of approximately 80% Bitcoin, 11% Ethereum, and small amounts of SOL, ADA, and XRP, and had previously received accelerated approval. Analysts believe the SEC's move aims to establish a unified listing framework for crypto ETFs as a whole, potentially paving the way for future spot ETFs for assets like SOL and DOGE. (The Block)