Just In : The U.S. SEC has paused the conversion of GDLC into an ETF for further review. The SEC initially approved the conversion on July 1, 2025, through delegated authority, but a subsequent letter dated July 1, 2025, from SEC Deputy Secretary J. Matthew DeLesDernier to the New York Stock Exchange stated that the approval is now under review by the SEC's commissioners, staying the July 1 order until further notice.