The SEC has proposed an order allowing Dimensional Fund Advisors to add ETF share classes to existing mutual funds, ending a decades-long industry bottleneck. The move could open the door for about 80 similar applications and reshape competition between mutual funds and ETFs.

The SEC has proposed an order allowing Dimensional Fund Advisors to add ETF share classes to existing mutual funds. The move could unlock nearly 80 similar applications, lower costs, improve tax efficiency, and reshape competition between mutual funds and ETFs.

The SEC has proposed an order allowing Dimensional Fund Advisors to add ETF share classes to existing mutual funds, potentially ending a two-decade industry deadlock. The move could pave the way for nearly 80 similar applications and expand investor choice, tax efficiency, and lower-cost access.

AscendEX (formerly Bitmax) has been exposed to large-scale withdrawal anomalies, with user funds stuck in 'Initiating' status without on-chain hashes, indicating suspected liquidity depletion. The platform previously suffered a $78 million loss from a Lazarus hacker attack in 2021 and has long lacked proof of reserves and third-party audits, leading to low transparency. This event highlights the widespread existential difficulties faced by mid-sized crypto exchanges under regulatory tightening and industry consolidation.