The SEC initially approved changes to Bitwise’s crypto index fund but decided to pause for further evaluation. Assistant Secretary Sherry R. Haywood referenced Rule 431 for this delay, indicating the commission’s need to reconsider its approach.
Similar delays have impacted Grayscale’s Digital Large Cap Fund. Analysts suggest that the SEC’s current leadership may complicate future approvals for crypto ETFs amid speculations of a new listing framework emerging.
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