The U.S. Securities and Exchange Commission (SEC) has commenced formal proceedings regarding Bitwise Asset Management’s applications to launch spot Bitcoin and Ethereum exchange-traded funds (ETFs).
This action signifies the regulator’s ongoing evaluation of cryptocurrency-based investment products entering the traditional financial markets. The proceedings involve a detailed review of the proposed rule changes necessary to list and trade these ETFs.
The initiation of review procedures underscores the SEC’s continued scrutiny of digital asset investment vehicles, reflecting the complex regulatory landscape surrounding cryptocurrencies. Market participants are advised to monitor official SEC channels for further developments.
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