SEC APPROVES US' SECOND CRYPTO INDEX ETP

Summary from the TLDR Crypto newsletter

The Bitwise 10 Crypto Index Fund received SEC approval to trade on NYSE Arca as the second US-listed multi-asset crypto ETP following Grayscale's July approval, offering diversified exposure to the 10 largest cryptocurrencies rebalanced monthly. The $1.25 billion fund originally launched in 2020 as an OTC fund. It now joins the regulated structure used by gold, oil, and commodity funds, potentially easing operational risks for traditional allocators wary of direct token exposure.