TechFlow, July 3 — According to The Block, the U.S. Securities and Exchange Commission (SEC) on Wednesday issued a notice suspending Grayscale Digital Large Cap Fund LLC's plan to convert into an ETF, just one day after SEC staff had approved the fund to begin trading. The fund consists primarily of Bitcoin (approximately 80%) and Ethereum (approximately 11%), along with other cryptocurrencies such as Solana, Cardano, and XRP. In a letter to the New York Stock Exchange, SEC Deputy Secretary J. Matthew DeLesDernier stated that the commission will review this decision. Currently, the SEC is also evaluating dozens of ETF proposals tracking cryptocurrencies including SOL, XRP, and DOGE.
Add to Favorites
Share to Social Media
