SEC Approves WisdomTree's Blockchain Fund for 24/7 Trading: A Major Win for Wall Street and Crypto

In a landmark decision for the financial industry, the U.S. Securities and Exchange Commission (SEC) has granted approval to asset management giant WisdomTree. The regulatory green light is for a novel blockchain-based fund designed to enable instant, around-the-clock trading of its shares. This move represents a significant breakthrough, bridging traditional finance with blockchain technology's efficiency. The fund's structure leverages distributed ledger technology to facilitate real-time settlements and continuous market access, a stark contrast to conventional trading hours. Analysts view this approval as a pivotal step toward broader institutional adoption of blockchain infrastructure, potentially paving the way for similar products from other major Wall Street firms. The development signals growing regulatory acceptance of innovative financial models that integrate crypto-native features like continuous settlement into regulated investment vehicles.