<ul data-eligibleForWebStory="false"><li>The US Securities and Exchange Commission (SEC) has decided to review the approval granted to Grayscale Digital Large Cap Fund (GDLC) to convert into an exchange-traded fund (ETF), causing an indefinite delay in its launch.</li><li>The GDLC fund holds $755 million in a variety of cryptocurrencies including Bitcoin, Ethereum, Solana, XRP, and Cardano, with Bitcoin and Ethereum making up more than 91% of its portfolio.</li><li>The SEC's temporary pause on the approval is seen as a rare move and has triggered discussions on investor protection, regulatory consistency, and market stability, especially concerning altcoins like XRP and Solana in the fund.</li><li>Analysts speculate that the SEC is reassessing the Grayscale ETF to develop clearer rules for complex crypto funds before allowing its launch, indicating a potential need for consistent standards for crypto investment products.</li></ul>

Grayscale ETF Faces Indefinite Delay as SEC Reassesses Earlier Approval

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