US Leaders of the US Securities and Exchange Commission review the agency Recent Approval of a granscale effort to convert a fund to a funds exchanged by the exchange (ETF), A letter dated July 1 said.
The SEC has allowed Grayscale to submit a digital big CAP fund (GDLC)holding $ 755 million in bitcoin
.
“This letter is to inform you that, in accordance with Rule 431 of Commission’s Skills Laws, 17 CFR 201.431, the Commission will evaluate delegated action,” the Said the letter. “In accordance with Rule 431(e)The order of July 1, 2025 remained until the commission was ordered otherwise. “
Any commissioner may be asked to review an action in the SEC. In the past, the commissioners have asked to review the disagreements of the ETF, for example.
GDLC is benchmarked with CoinDesk’s CoinDesk 5 index.
