Bitwise responds to ETF proposal rejection: I believe that it will eventually solve the current problem and complete the challenge

The SEC announced on Wednesday that the ETF proposal submitted by Bitwise and NYSE Arca is not in compliance with legal requirements to prevent market manipulation or other illegal activities. In response, Bitwise officially responded to The Block reporter Frank Chaparro: 1. Although we were unable to resolve the SEC concerns within the 240-day statutory review window, we still provided more data and background information they needed to illustrate our The main results achieved; 2. We are very pleased with the progress made in this industry, and believe that as more research and continuous progress is made in this field, the current problems will be solved and the challenges will be solved.