SEC Postpones Decision on Bitwise Crypto Index ETF
- The SEC has delayed its decision on Bitwise’s proposed crypto index ETF until March 3, 2025.
- Bitwise aims to convert its 10 Crypto Index Fund (BITW) into an ETF.
- Bloomberg analyst James Seyffart predicted the delay, with a final deadline now set for July.
- Grayscale is also seeking to convert its Digital Large Cap (GDLC) into an ETF, with expected delays past February 2nd.
- The SEC has only approved ETFs linked to Bitcoin and Ethereum so far.
The SEC requires more time to assess Bitwise’s rule change proposal for converting its crypto index fund into an ETF, pushing the decision date to March 3, 2025. Analyst James Seyffart anticipated this delay. Grayscale’s similar conversion efforts are also facing postponements.
