SEC Delays Bitwise Crypto ETF Decision

SEC Extends Decision on Bitwise 10 Crypto Index ETF to March 2025

• The SEC has extended the review period for Bitwise’s ETF application to March 3, 2025.
• The Bitwise 10 Crypto Index Fund includes Bitcoin, Ethereum, XRP, and Solana.
• The fund is valued at $1.4 billion and trades on the OTCQX Best Market.
• NYSE Arca submitted the ETF application on November 15, 2024.
• No public comments have been received on the proposed rule change.

The SEC has delayed its decision on Bitwise’s ETF application until March 3, 2025, citing a need for thorough evaluation. The fund currently includes major cryptocurrencies like Bitcoin and Ethereum and is valued at $1.4 billion.