Grayscale remains committed to the listing of GDLC, while the SEC's suspension of review has sparked market attention.

[Coin World] After the U.S. Securities and Exchange Commission decided to suspend Grayscale Digital Large Cap Fund LLC, a spokesperson for the company stated that it "remains committed to" continuing efforts to list. A spokesperson said in an email statement: "While this development was unexpected, it reflects the dynamic and ever-changing nature of the regulatory environment surrounding pioneering digital asset products like GDLC. Grayscale remains committed to seeking to list GDLC as an ETP and we are closely working with key stakeholders to meet all necessary requirements."

Earlier this week, the SEC approved Grayscale's proposal to convert another of its closed-end funds into an ETF "in an expedited manner." The fund trades over-the-counter, is aimed at qualified investors, and is primarily composed of Bitcoin, making up nearly 80%, with Ethereum accounting for about 11%. According to its website, Solana, Cardano, and XRP also exist in single-digit percentages. The day after the fund was approved, the agency suspended the fund.

In a letter sent to the New York Stock Exchange regarding the fund, SEC Deputy Secretary J. Matthew DeLesDernier stated that the agency's trading and markets division approved the application but noted that the commission would review it. Meanwhile, following President Donald Trump's inauguration in January, the regulatory environment for cryptocurrencies has become more favorable, and the SEC is also considering a variety of cryptocurrency ETFs, from those tracking SOL to DOGE.

Some people have indicated that the approval of the Grayscale Digital Large Cap ETF could mean that these ETFs may also be approved. Nate Geraci, president of NovaDius Wealth Management, stated on Tuesday: "Look at the direction of all this? Next up are individual spot ETFs for xrp, sol, ada, and others." Geraci mentioned on Thursday: "I actually think this is very positive," pointing out that the delay "is just the SEC wanting to establish a formal listing framework/standards for cryptocurrency ETFs. Once that happens, the floodgates will open."

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LiquidationTherapistvip
· 07-06 14:29
The SEC is up to something again.
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HalfPositionRunnervip
· 07-05 01:41
The SEC is being unreasonable again.
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RetiredMinervip
· 07-03 19:48
Regulators are constantly putting obstacles in front of Grayscale.
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SellTheBouncevip
· 07-03 19:47
Retail investors can never outrun regulation.
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SandwichHuntervip
· 07-03 19:30
Is the SEC unable to play?
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MentalWealthHarvestervip
· 07-03 19:23
Is the regulator in a bad mood?
View OriginalReply0
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