The U.S. Securities and Exchange Commission has extended the decision deadline for a proposed Bitwise 10 Crypto Index ETF that would list on NYSE Arca and track an index of ten large-cap cryptoassets, including BTC, ETH, SOL, XRP, ADA, AVAX, LINK, BCH, DOT, and UNI. The SEC published an order under Exchange Act Section 19(b) delaying its ruling on NYSE Arca’s requested rule change, moving the original mid‑January 2025 deadline to March 3, 2025, and stating that additional time is needed to consider the proposal and any comments. The product is designed to mirror the Bitwise 10 Large Cap Crypto Index, which is weighted by market capitalization and rebalanced monthly. The delay underscores the SEC’s cautious approach to multi‑asset crypto ETFs that include tokens beyond previously approved spot bitcoin and ether products, even as institutional interest in broader crypto exposure grows. According to the SEC, the extension allows for a more comprehensive review of whether listing the Bitwise 10 Crypto Index ETF on NYSE Arca would be consistent with investor protection and market integrity requirements under the Securities Exchange Act. The new March deadline is being closely watched because approval would mark a significant expansion of U.S. listed crypto ETPs into diversified, multi‑token exposure, while a denial or further delay would reinforce existing regulatory bottlenecks around altcoin‑inclusive funds.

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