7 Mar 2025
📈NYSE Arca's Proposed Rule Change for Bitwise Crypto Index Fund
Self-Regulatory Organizations; NYSE Arca, Inc.; Order Instituting 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 regulation details NYSE Arca's proposal to list and trade shares of the Bitwise 10 Crypto Index Fund under new rules for digital asset investments. The document discusses the trust's composition, valuation methodology, and the SEC's call for public comments on the proposal to ensure investor protection and market integrity.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The text outlines the proposed rule change for listing the Bitwise 10 Crypto Index Fund, which impacts regulatory compliance and opens up potential investment opportunities in digital assets—a growing sector. This has implications for business owners in the financial and investment sectors as they may need to adjust strategies accordingly.