SEC’s Last-Minute Pause on Grayscale ETF Sparks Crypto Market Uncertainty

Grayscale’s plans to convert its Digital Large Cap Fund into an ETF have hit a snag after the SEC issued a stay, pausing the process despite earlier approval.

The fund, heavily weighted toward Bitcoin and Ethereum, was poised to expand investor access before the regulatory reversal.

The decision casts doubt on the timeline for other pending crypto ETFs, including those tracking Solana, XRP, and Dogecoin, as the SEC continues to weigh risks in the fast-evolving digital asset market.