3 Jun 2025
📈SEC Notice on Proposed Rule Change for Bitwise 10 Crypto Index Fund
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the Bitwise 10 Crypto Index Fund Under Proposed NYSE Arca Rule 8.800-E (Commodity- and/or Digital Asset-Based Investment Interests)
Summary
The SEC issued a notice regarding NYSE Arca's proposed rule change to list and trade shares of the Bitwise 10 Crypto Index Fund. The notice outlines the timeline for commission action and invites comments from stakeholders. The SEC is allowing additional time for thorough evaluation of the proposed rule change, underscoring the significance of regulatory assessments in the evolving landscape of digital asset investments.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change for the Bitwise 10 Crypto Index Fund involves regulatory oversight from the SEC, which can impact business operations within the cryptocurrency and investment sectors. Compliance with this regulatory framework is essential for business owners dealing with digital assets.