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SEC punts on Bitwise and Grayscale bitcoin ETF proposals

The Securities and Exchange Commission (SEC) has punted on two more spot bitcoin exchange-traded fund (ETF) proposals. Two extension orders hit the docket Friday for NYSE Arca’s proposed rule changes — one for the Bitwise Bitcoin ETP Trust proposal and another for the Grayscale Bitcoin Trust proposal. The SEC will now take an additional 45 days to review both proposals, kicking their decision deadlines to February 1, 2022, and February 6, 2022, respectively.  “The Commission finds that it is appropriate …

Bitwise launches NFT-tracking index fund for accredited investors

Bitwise has launched an index fund tracking the 10 largest non-fungible token collections. The Bitwise Blue-Chip NFT Index Fund will purchase and hold in custody NFTs from CryptoPunks, Bored Ape Yacht Club, Mutant Ape Yacht Club, Autoglyphs, Fidenza, VeeFriends, CyberKongz Genesis, Cool Cats, Meebits and Chromie Squiggle. These represent the top 10 NFT collections based on market capitalization using floor prices, which the fund plans to rebalance quarterly. Bitwise CIO Matt Hougan said the fund will focus its holdings on …