<ul data-eligibleForWebStory="false"><li>The SEC has paused Grayscale Investments’ application to convert its Digital Large Cap Fund into a spot exchange-traded fund, despite initially granting approval.</li><li>The sudden stop has created uncertainty about the future expansion of crypto-based exchange-traded products.</li><li>The SEC's action has prevented Grayscale from converting the fund at the moment, with possible reasons including internal coordination issues and the SEC awaiting a more comprehensive regulatory framework for crypto ETFs.</li><li>Industry experts believe the delay is temporary, with the expectation that the fund conversion will eventually proceed once regulatory standards for token-based ETFs are established.</li></ul>

Altcoin ETF Basket by Grayscale Delayed in Controversial SEC Move

Discover more