The #SEC has released multiple crypto #ETFs updates this week, signaling shifting regulatory priorities.

SEC Approves, Immediately Pauses Bitwise's Bid to Convert #BITW Crypto Index Fund to ETF...

WHAT TO KNOW :-

✔️The SEC approved Bitwise’s plan to convert its crypto index fund BITW into an ETF, but immediately put the decision on hold.

✔️BITW holds more than 90% of its assets in bitcoin and ether, with the remaining allocation spread across eight other major altcoins.

✔️The pause follows a similar action on Grayscale’s multi-asset crypto fund and comes amid several new ETF filings and reviews this week.

The Securities and Exchange Commission approved — then abruptly paused — Bitwise’s plan to convert its Bitwise 10 Crypto Index Fund (BITW) into a spot exchange-traded fund (ETF) on Tuesday, raising fresh uncertainty around the agency’s standards for crypto ETFs.