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SEC Kicks the Can Again: Bitwise Bitcoin & Ethereum ETFs Left in Regulatory Limbo
SEC Kicks the Can Again: Bitwise Bitcoin & Ethereum ETFs Left in Regulatory Limbo
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The SEC just hit snooze on Bitwise's crypto ETF ambitions—again. No surprises here.
Redemption roulette continues
The regulator punted its decision on in-kind redemptions for Bitwise's proposed Bitcoin and Ethereum ETFs. Another delay in a years-long saga that's become Wall Street's favorite running joke.
Meanwhile, institutional investors keep circling like vultures, waiting for their golden ticket to crypto exposure without the hassle of actual custody. Because nothing says 'decentralized' like Wall Street middlemen taking their cut.
When pressed for comment, SEC Chair Gary Gensler was reportedly seen flipping a coin—heads for delay, tails for another delay.
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