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

SSRALY PLEASE PLEASE DRIVING THE US TITES AND THE COMMISSION (Sec) The decision to drag the launch of his great ECF grouse, calling the order to stand the agency is illegal and harmful to investors.

The Gestor Asset presented a letter with Secards in response to the unexpected pause on their plan to convert the gray fund (Gdlc) In a trade fund of exchange (Etf). I am The sec had already approved conversion before this year, but then he published a order to revise the approval – without explaining why.

“Grid’s investors and exchange and current investors of the bottom suffering from delay”, company said in their Letter. I am

The Etf Etf Gdlc would have a big bitcoin basket, eter, XRP, WITHOUT 70% of the currently weighted funds in Bitcoin. The move to convert to an etf place is part of the greater strategy to bring more encrypted products to the mainstream financial goods, following the bitcoin launch

Etf in January.

While the sec has not clarified his reasons for the delay, Market Watchers suggest tender is Probably because of internal procedural problemsrather than political opposition to crypto. Etf Hold Mitcoin, emotu, appeal, Cardano and XRP. Of these, cardan and XRPs do not have their own Etphi, and only subtle has only a fund – with many applications experienced to this number.

Scott Johnson, a financial lawyer and ethf expert, he said in a Post on x that even if the wild movement was out of the ordinary, probably will not give you the whole bottom.

“Urscal Daters had productive sorting with approval, and these discussions, my self-detective is in the way it was in the word” is only launching, it’s just a matter of when IMO. “

If approved, GDLC would be the first multi-Asset Crypto, from the Extracted investors in a curtain of digital coins of no need to handle the parals or custody.