SEC Officially Kickstarts Review Process For Grayscale’s Conversion Of Digital Large Cap Fund To ETF

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SEC Officially Kickstarts Review Process For Grayscale’s Conversion Of Digital Large Cap Fund To ETF - Coinpedia

Quick Summary:

This has now officially kickstarted the SEC’s review process for the asset manager’s application to convert this fund into an ETF.

The review process can take up to 240 days before the regulator decides to approve or deny the application.

The filing is significant considering that it is the first filing that the US SEC will be considering that doesn’t just border on the two largest cryptos by market cap.