Just when we thought the crypto ETF wave was smooth sailing, boom — the SEC slams the brakes on Grayscale’s GDLC ETF. And Grayscale? Yeah, they’re not having it.
The SEC already gave the green light to convert the Grayscale Digital Large Cap Fund into an ETF (holding big boys like $BTC , $ETH , $XRP , $SOL, and $ADA)... but then suddenly hit it with a surprise “stay order” — no explanation, no clarity, just cold feet. 🧊
Grayscale clapped back, calling the delay “unlawful and harmful to investors.” Oof. 🔥 Their point? This fund could’ve been a game-changer — giving investors easy exposure to a diversified crypto basket without the wallet drama. Instead, we’re stuck in limbo while bureaucrats fumble the bag. 🙄
Word on the street (aka X): it’s not anti-crypto politics, just internal SEC weirdness. Some say Commissioner Crenshaw pulled a fast one before bouncing. 🕵️♀️
The silver lining? It’s still expected to launch — just a matter of when, not if.
👀 First U.S. multi-asset spot ETF, once live? That's huge.
Agree? Think the SEC’s dragging its feet or playing 4D chess? 🧠👇
Drop your take below and tag your ETF gang!
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