SEC Postpones Grayscale's GDLC ETF Conversion, Signaling Hurdles for Bitcoin and Altcoin ETFs

Published at:2025年07月03日 19:24
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The U.S. Securities and Exchange Commission (SEC) has unexpectedly halted Grayscale Investments' proposal to transform its Digital Large Cap Fund (GDLC) into a series of spot exchange-traded funds (ETFs). This regulatory delay underscores the ongoing challenges facing cryptocurrency-based ETFs, particularly those involving Bitcoin and alternative cryptocurrencies, as they navigate the complex U.S. securities oversight framework. The move highlights the cautious approach regulators continue to take toward crypto investment products in traditional markets.
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