This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
The SEC has indefinitely paused the approval of Grayscale’s ETF containing altcoins like Solana, XRP, and Cardano. Analysts speculate the delay may be due to pending internal guidelines for crypto ETFs. The decision leaves the future of the Grayscale Digital Large Cap Fund (GDLC) in limbo.
- The SEC paused Grayscale's GDLC ETF approval despite initially fast-tracking the conversion, signaling regulatory caution.
- Analysts believe the SEC may be crafting internal guidelines for crypto ETFs before approving altcoin-focused products.
- Grayscale's GDLC fund currently holds 80% Bitcoin, 12% Ethereum, and minor allocations to XRP, Solana, and Cardano.
📎 Related coverage from: decrypt.co