According to ChainCatcher, the U.S. Securities and Exchange Commission (SEC) has suspended Grayscale's plan to convert its Digital Large Cap Fund into an exchange-traded fund (ETF) and has placed it under further review.
The fund was originally planned to be listed on the New York Stock Exchange Arca platform as a spot ETF covering multiple assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cardano (ADA).
