The Securities Exchange Commission (SEC) has yet to approve the trading of a grey release ETF covering bitcoin, ethereum and counterfeit products such as XRP, Solana and Cardano. On Tuesday, Wall Street regulators issued an order finding "good reasons" for approving the conversion of the grey release "Grayscale Digital Large Cap Fund" (GDLC) to a spot ETF on the basis of accelerated review.
However, a letter from SEC leadership was quietly attached to the order, announcing that the order would stay in effect "until further directed by the committee". Bloomberg ETF analyst James Seyffart first discovered the "fine print" on Wednesday afternoon.
The SEC has yet to approve a grey release ETF covering Bitcoin, Ethereum and counterfeit products such as XRP, Solana and Cardano
2025-07-02 23:25:22
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