SEC postpones listing decision for Bitwise crypto index ETF
The ETF aims to give investors exposure to a diverse basket of cryptocurrencies such as SOL, XRP and ADA, among others.
US regulators said they need more time to decide whether an exchange-traded fund (ETF) designed as a one-stop-shop crypto portfolio can be listed on the New York Stock Exchange’s electronic securities exchange, according to a Jan. 14 regulatory filing.
The filing was a response to NYSE’s December request for permission to list the Bitwise 10 Crypto Index Fund on NYSE Arca.
If approved, Bitwise’s proposed ETF would be the first diversified spot crypto ETF to hit the US markets. It would also be the first US ETF to hold alternative cryptocurrencies, or “altcoins.”
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Author: Alex O’Donnell
