SEC suspends GDLC listing application, Grayscale says it will continue to promote cryptocurrency ETF conversion plan

Odaily Planet Daily News: After the US Securities and Exchange Commission (SEC) unexpectedly halted the listing process of the Grayscale Digital Large Cap Fund (GDLC), Grayscale stated that it will still be committed to promoting the fund's conversion to an Exchange Traded Product (ETP). The fund consists of approximately 80% Bitcoin, 11% Ethereum, and a small amount of SOL, ADA, and XRP, and has already received accelerated approval. Analysts believe that the SEC's move aims to establish a unified listing framework for overall cryptocurrency ETFs, or pave the way for future spot ETFs such as SOL and DOGE. （The Block）