The SEC has delayed its decision on the Bitwise 10 Crypto Index ETF, extending the review period to March 3, 2025. The ETF tracks top cryptocurrencies like Bitcoin, Ethereum, and Solana. NYSE Arca submitted the proposal in November, with no public comments received. The delay aligns with the SEC’s cautious crypto approach. Analysts expect further delays, including for Grayscale’s GDLC fund. Some anticipate approvals post-Trump’s inauguration. Bitwise also filed for a Bitcoin Standard Corporations ETF, targeting firms with significant BTC reserves.
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