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Why the SEC Keeps Putting Off Diversified Crypto ETFs
Another diversified crypto ETF has been moved to the back burner. Bitwise’s application seeking the SEC’s signoff to convert its crypto index fund to an ETF, which would offer investors exposure to a broader portfolio of digital assets including XRP and Polkadot, was delayed on Tuesday after being approved by the regulatory body’s trading and markets division earlier that day. Other similar filings from Grayscale and 21Shares to launch diversified crypto ETFs have also been put on hold, the latest signs of hesitation from an agency operating in what is arguably the most crypto-friendly political environment to ... (full story)
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