TechFlow news, February 1 — According to market sources, the U.S. Securities and Exchange Commission (SEC) has delayed approval of Grayscale's proposed rule change to convert its Digital Large Cap Fund into a spot ETF.
Announcement content: "Pursuant to Rule 19(b)(2) of the Exchange Act, the Commission designated a longer review period on December 17, 2024, to determine whether to approve the proposed rule change, disapprove the change, or institute further proceedings to determine whether to disapprove the change."
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