Reported 10 months ago
The SEC has postponed its review of the Bitwise 10 Crypto Index Fund's proposal to become an exchange-traded product, with a new deadline set for March 3. The conversion would allow the $1.4 billion fund, which currently trades over-the-counter, to function under a regulated exchange-listing structure, potentially resolving pricing discrepancies and improving liquidity. This decision marks a significant trial for the acceptance of multi-crypto investment vehicles in regulated markets.
Source: YAHOO