The SEC has paused Grayscale’s planned ETF conversion, invoking a stay to reassess the approval granted by its Division of Trading and Markets.
The move highlights the Commission’s cautious approach, even after fast-tracking the Bitcoin- and Ethereum-heavy fund just a day earlier.
With multiple crypto ETF proposals still under consideration—including those for Solana, XRP, and Dogecoin—the delay underscores the SEC’s careful scrutiny of digital asset investment vehicles.
