SEC Delays Grayscale’s New Basket ETF Despite Previous Approval

Despite approving Grayscale’s new five-asset basket ETF yesterday, the SEC issued a stay order on it. This prevents the product from going to market for an indefinite period. Prominent ETF analysts have issued a few competing theories to explain this delay, but these only constitute educated guesses. Until the SEC clarifies its position, we’re all in the dark source: https://beincrypto.com/grayscale-new-crypto-etf-sec-delay/