Grayscale dey press SEC make dem approve GDLC Altcoin ETF

Grayscale don formally challenge SEC pause on their Digital Large Cap (GDLC) spot altcoin ETF wey hold Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL) and Cardano (ADA). SEC approve the GDLC altcoin ETF on July 1 but stop trading make dem review more. For legal complaint wey dem file for D.C. Circuit plus letter to SEC, the asset manager talk sey this delay dey harm investors, e violate statutory timeframes and e dey discriminate altcoin ETFs compared to approved Bitcoin ETFs. GDLC get around 80% BTC, 11% ETH, 4.8% XRP, 2.8% SOL and 0.8% ADA. Grayscale talk sey over 100,000 retail investors fit lose the liquidity, transparency and compliance benefits wey dey built-in. The company demand make SEC lift freeze and authorize GDLC altcoin ETF for NYSE Arca, dem warn say if dem need, dem go do more legal action. Traders dey watch as SEC go do next move, cos the result fit open billions of assets under management and fit set important precedent for future altcoin ETF approvals.