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

ChainCatcher news, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has suspended Grayscale's Digital Large Cap Fund's plan to convert to an exchange-traded fund (ETF) and placed it under further review.

The fund was originally planned to be listed on the New York Stock Exchange Arca platform, becoming a spot ETF covering multiple assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cardano (ADA).