The Securities and Exchange Commission (SEC) is considering a proposal by NYSE Arca to list and trade shares of the Bitwise 10 Crypto Index Fund. This fund aims to invest in a portfolio of digital assets like Bitcoin and Ethereum, tracking the Bitwise 10 Large Cap Crypto Index. The SEC is seeking public comments on whether the proposal is consistent with rules designed to prevent fraud and protect investors. Interested parties can submit their views electronically or by mail by March 28, 2025.
Simple Explanation
The government is thinking about letting a company buy and sell parts of a group of digital coins like Bitcoin and Ethereum on a big stock-playing place. They want to make sure this plan is safe and fair, and they're asking people to send their thoughts about it by March 28, 2025.