BTCC
/
BTCC Square
/
cryptonewsT
/
SEC Freezes Grayscale’s Big Bet: Large-Cap ETF Conversion Stuck in Regulatory Purgatory
SEC Freezes Grayscale’s Big Bet: Large-Cap ETF Conversion Stuck in Regulatory Purgatory
20
2
The SEC just slammed the brakes on Grayscale’s ambitious ETF conversion—leaving crypto investors hanging and Wall Street shrugging. Here’s why it matters.
Regulators hit pause on the $20B crypto dream
Grayscale’s plan to transform its flagship fund into a spot Bitcoin ETF just got ambushed by the SEC’s trademark bureaucracy. No explanation, no timeline—just classic regulatory limbo.
Wall Street’s favorite crypto play stalls
The would-be ETF represents a massive chunk of institutional crypto exposure. Now? A waiting game that could stretch into election season—because nothing says 'financial innovation' like government gridlock.
Cynical take: At least the SEC’s inefficiency is consistent—like a bond yielding zero percent forever.
By:
Previous
North Korean Hackers Now Targeting macOS Users in Brazen Crypto Malware Onslaught
Next
🚀 Memecoin Mania Alert: Moo Deng and Bonk Set to Dominate This Week’s Crypto Chatter
