HawkInsight

  • Contact Us
  • App
  • English

Grayscale keeps pushing ahead after the SEC suspended conversion of its cryptocurrency ETFs "

Internet reported that the U.S. Securities and Exchange Commission (SEC) decided to suspend the listing of Grayscale Digital Large Cap Fund LLC one day after approving the fund's transformation into an exchange-traded product (ETP). A Grayscale spokesperson responded that the company remains committed to promoting the fund's listing and is working closely with key stakeholders to meet relevant requirements. About 80% of the fund's assets are Bitcoin and 11% are Ethereum. It also includes Solana, Cardano and XRP. The suspension is interpreted as a sign that the SEC is developing a more complete listing framework for crypto ETFs. Analysts pointed out that once the rules are clarified, more single spot crypto ETFs (such as XRP, SOL, ADA, etc.) may be approved.

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More