The US SEC has suspended Grayscale's plan to convert its Digital Large Cap Fund into an ETF and will conduct further review

According to ChainCatcher, as reported by CoinDesk, the U.S. Securities and Exchange Commission (SEC) has suspended Grayscale’s plan to convert its Digital Large Cap Fund into an exchange-traded fund (ETF) and has placed it under further review.

The fund was originally intended to be listed on the NYSE Arca platform as a spot ETF covering multiple assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA).