Grayscale Protests SEC's Delay in Listing its Multi-Asset Crypto ETF GDLC

Grayscale protests the SEC's delay in listing its multi-asset crypto ETF GDLC, stating that the suspension order lacks a legal basis and has harmed investors' interests. GDLC plans to hold $BTC, $ETH, $XRP, $SOL, and $ADA, with $BTC accounting for approximately 80%. If approved, it would be the first multi-asset crypto ETF in the United States. Grayscale stated that it had constructive discussions with the SEC and believes that the delay is more likely due to procedural reasons. [CoinDesk]