The SEC has postponed its decision on Bitwise's application to convert its crypto index fund into an ETF, extending the deadline to March 3. The fund includes BTC, ETH, XRP, SOL, ADA, and other cryptocurrencies. Similar delays are expected to affect Grayscale's applications as well. At the same time, Osprey Funds announced the termination of the deal with Bitwise to acquire OBTC assets and intends to convert its Bitcoin Trust into an ETF without waiting for all the necessary regulatory approvals.
1/16/2025 1:30:14 PM (GMT+1)
The SEC has postponed its decision on Bitwise's application to convert its crypto index fund into an ETF until March 3, while Osprey Funds terminated the deal with Bitwise and plans to convert OBTC into an ETF 📅
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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