SEC Delays Decision on Bitwise’s Proposed Crypto Index ETF Until March
The U.S. Securities and Exchange Commission (SEC) is delaying its decision on asset management firm Bitwise’s proposed crypto index exchange-traded fund (ETF) to March of this year.
In a post on the social media platform X, Bloomberg ETF analyst James Seyffart says the regulatory agency is pushing back its decision on whether to let Bitwise convert its 10 Crypto Index Fund (BITW) into an ETF.
According to Seyffart, the delay was expected and the final deadline is now in July. Furthermore, he notes that crypto firm Grayscale is also seeking to convert its Digital Large Cap (GDLC) into an ETF, adding that he expects it to be delayed from its original deadline of February 2nd.
So far, the SEC has only approved ETFs tied to the…
