Grayscale Threatens SEC With Lawsuit for Blocking Bitcoin, XRP, Solana ETF Fund

Grayscale has sent a letter to the U.S. Securities and Exchange Commission (#SEC ) warning that it will file a lawsuit if the agency continues to prevent its multi-token ETF fund from being listed on NYSE Arca.

Specifically, the Grayscale Digital Large Cap Fund holds Bitcoin, which accounts for 80% of the portfolio, Ethereum 11%, while the rest consists of Solana (2.8%), XRP (4.8%), and Cardano (0.8%). The fund was approved by the SEC on July 1 but was unexpectedly postponed just a few days later for “further review.”

#Grayscale argues that this decision causes investors to “suffer losses” due to missing out on opportunities to access a diverse crypto investment product. The company also accused the SEC of “skirting the law” by delaying, violating the regulations set forth by the U.S. Congress regarding the approval timeline for new securities products.

The tension between Grayscale and the SEC demonstrates that legal barriers remain a significant challenge for crypto ETFs in the USA, even though Bitcoin and Ethereum ETFs were approved last year. Meanwhile, many other funds containing altcoins like $XRP , $SOL , or meme coins are still waiting.

This legal battle occurs in the context of President Donald Trump's administration easing regulations tightening the crypto market, raising hopes for more diverse digital investment products in the U.S.

The information in this article is for reference only and is not investment advice.