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Grayscale Sends Letter of Protest, Disputing SEC's Order to Halt ETF Conversion of its Digital Large Cap Fund

Summary: According to Bloomberg analyst James Seyffart, Grayscale and its lawyers have submitted a letter in response to the U.S. Securities and Exchange Commission (SEC) order to halt the ETF conversion of GDLC, arguing that the SEC does not have the authority to do so. Earlier reports indicated that the SEC had suspended Grayscale's Digital Large ...

According to Bloomberg analyst James Seyffart, Grayscale and its lawyers have submitted a letter in response to the U.S. Securities and Exchange Commission (SEC) order to halt the ETF conversion of GDLC, arguing that the SEC does not have the authority to do so. Earlier reports indicated that the SEC had suspended Grayscale's Digital Large Cap Fund from converting into an Exchange-Traded Fund (ETF) and placed it under further review.

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Link: Grayscale Sends Letter of Protest, Disputing SEC's Order to Halt ETF Conversion of its Digital Large Cap Fund [Copy]

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