<ul data-eligibleForWebStory="false"><li>The Grayscale ETF conversion, approved by the SEC on July 1, has been halted by a stay order, suspending trading plans.</li><li>Analysts speculate that internal SEC reviews or the wait for a standardized framework may be behind the unexpected pause.</li><li>The conversion of Grayscale's GDLC fund, containing major tokens like Bitcoin and Ethereum, would transition it to an ETF model with in-kind redemptions once the halt is lifted.</li><li>Rumors suggest the SEC is collaborating with exchanges to introduce a universal listing standard for crypto ETF approvals, potentially expediting timelines for pending applications from companies like Bitwise, Franklin Templeton, and Hashdex.</li></ul>

Grayscale ETF Conversion Hits Regulatory Freeze Despite SEC Approval

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