SEC Hits Snooze on Crypto Index Fund Approval Again
Published Date: 1/21/2025
Notice
Summary
The SEC is taking extra time to review NYSE Arca’s plan to list and trade shares of the Bitwise 10 Crypto Index Fund, a new crypto-based investment. This affects investors interested in digital assets and means the decision won’t come until March 3, 2025. No money changes hands yet, but the wait shows the SEC is being thorough before giving the green light.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
SEC Delays Decision on Crypto Fund
The SEC extended its review and designated March 3, 2025 as the date by which it will act on NYSE Arca’s proposal to list and trade the Bitwise 10 Crypto Index Fund. The proposal was filed November 14, 2024, published for comment December 3, 2024, and the original 45-day review period would have ended January 17, 2025.
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