<ul data-eligibleForWebStory="false"><li>The SEC has announced a review of its earlier approval of Grayscale's multi-crypto exchange-traded fund (ETF), delaying its listing indefinitely.</li><li>The approval of the Grayscale Digital Large Cap Fund (GDLC) was initially made through delegated authority by SEC staff members.</li><li>The review is believed to be aimed at clarifying administrative processes for future approval of similar multi-crypto ETF products.</li><li>The delay in GDLC's listing is likely temporary as the SEC works on developing standards and guidelines for approving other crypto basket ETF products.</li></ul>

SEC Hits the Brakes on Grayscale’s Multi-Crypto ETF Just Days After Green Light

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