-
Bitwise Crypto Index ETP Delayed Until March by SEC
The Securities and Exchange Commission has extended its review period for NYSE Arca’s proposal to list shares of the Bitwise 10 Crypto Index Fund (BITW) as an exchange-traded product, according to a Tuesday filing. The decision sets up a key deadline of March 3 for the regulator to either approve or reject the conversion of the $1.4 billion fund, making a critical test for whether multi-crypto investment vehicles can successfully transition into exchange-traded securities. The proposal, initially filed Nov. 14, seeks to convert listing BITW from its current over-the-counter trading status to a fully regulated ETP ... (full story)