The US Securities and Exchange Commission (SEC) has issued a stayorderonBitwise’s bid to convert its over-the-counter (OTC) crypto index fund into a spot exchange-traded fund (ETF) The decision came just hours after the SEC’‘s Division of Trading and Markets granted accelerated approval for the application on July 22. Legal experts debate whether the SEC’s tactical delays in ETF approvals point to regulatory overreach.

The US Securities and Exchange Commission (SEC) has issued a stayorderonBitwise’s bid to convert its over-the-counter (OTC) crypto index fund into a spot exchange-traded fund (ETF) The decision came just hours after the SEC’‘s Division of Trading and Markets granted accelerated approval for the application on July 22. Legal experts debate whether the SEC’s tactical delays in ETF approvals point to regulatory overreach.

Source: https://cryptoslate.com/why-the-sec-is-stalling-new-crypto-etfs-even-after-greenlighting-them/