Grayscale is challenging the SEC’s unexpected delay in listing its Digital Large Cap ETF, arguing it violates statutory deadlines. After initial staff approval, the SEC’s Office of the Secretary halted the decision for review. Grayscale’s attorneys contend that under Section 19(b)(2)(D), the proposal should be “deemed approved” due to the delay, causing harm to the fund and investors. This standoff highlights ongoing tensions in US crypto ETF approvals.
Grayscale Challenges SEC Delay on Digital Large Cap Fund ETF
