Grayscale Challenges SEC’s Delay of GDLC ETF Launch, Calls Stay Order Unlawful

Grayscale Challenges SEC’s Delay of GDLC ETF Launch, Calls Stay Order Unlawful

The asset manager says the SEC’s surprise pause on its approved multi-asset crypto ETF is unlawful and hurting investors.

Grayscale calls out SEC delay of Digital Large Cap Fund ETF listing - WorldNL Magazine

Attorneys for Grayscale argued that the US regulator's delay of the approval or disapproval decision clashes with existing statutes. Attorneys for digital asset manager Grayscale pushed back against the US Securities and Exchange Commission’s (SEC) delay on approving its Digital Large Cap exchange-traded fund (ETF) in a letter sent on Tuesday.The SEC’s Division of Trading and Markets initially approved the ETF proposal, but the SEC’s Office of t…

Avalanche (AVAX) Faces Mixed Signals Amid Regulatory Delays and Promising Partnerships

Avalanche (AVAX) wavers as the SEC delays Grayscale's ETF review and GMX is hacked for $42M. Despite setbacks, partnerships and grants offer long-term promise. (Read More)

Investors Are “Suffering Harm” Due To SEC’s Surprise Pause On ETF Holding XRP And Solana, Asserts Grayscale

Asset management giant Grayscale is challenging the US Securities and Exchange Commission’s decision to pause the launch of its large-cap fund holding Bitcoin (BTC), Ethereum (ETH), Ripple’s XRP, Solana (SOL), and Cardano (ADA), proclaiming its investors are “suffering harm” due to the delay. Grayscale Pushes Back On SEC Pause Grayscale has filed a letter with the SEC in response to the agency’s unexpected pause on its plan to transform the Gray…

Grayscale Challenges SEC Delay on Digital Large Cap Fund ETF Listing

Cointelegraph reports that Grayscale attorneys filed a formal complaint against the SEC on Tuesday. The complaint addresses the regulator's decision to halt the Digital Large Cap Fund ETF listing despite initial approval. The SEC's Division of Trading and Markets approved the ETF proposal under delegated authority. However, the SEC's Office of the Secretary immediately placed the decision under review.Grayscale's legal team argues this violates …