The agency this week delayed approving Bitwise’s ETF conversion, a sign of hesitancy despite a crypto-friendly government.
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The SEC has warmed up to crypto ETFs and staking, but whether it will approve both in the same package is a question.
Calamos, Grayscale, and several others are adapting hot-selling ETF categories to bitcoin amid volatility.
The shift highlights the growing footprint of traditional firms in the digital asset industry, and signals renewed confidence in crypto.