The U.S. Securities and Exchange Commission (SEC) has postponed its decision regarding the approval of the Bitwise crypto index ETF. This fund aims to provide investors with exposure to a range of cryptocurrencies, including Solana (SOL), XRP, and Cardano (ADA). The delay adds to ongoing anticipation and uncertainty in the crypto market concerning regulatory approvals for crypto-focused financial products.
The ETF is designed to offer a diverse basket of cryptocurrencies, potentially broadening the investment landscape for those looking to enter the crypto market. The SEC's decision remains eagerly awaited as institutions and retail investors anticipate greater access to crypto investments via regulated platforms.
Source: cointelegraph.com ↗