📢 Bitwise #ETF Approval Paused by SEC After Initial Green Light
🚨 Bitwise is now “actively evaluating” the SEC’s sudden decision to pause its approval to convert the Bitwise 10 Crypto Index Fund (BITW) into an ETF.
🔸 The SEC first granted accelerated approval to the fund—but hours later, issued a stay, putting the conversion on hold.
🔸 The fund includes $BTC , $ETH , $SOL, $XRP, $DOT and other top assets on a market cap-weighted basis.
🔸 Bitwise says it remains optimistic due to positive engagement with the SEC under the new Trump administration.
🔸 This is the second time the SEC has reversed an ETF approval post-decision, following a similar case with Grayscale’s Digital Large Cap Fund.
🔸 The pause comes amid rising expectations for multiple new crypto #ETFs , including those tracking $SOL and $DOGE , in a shifting regulatory landscape.
👉 All eyes are now on whether the SEC will allow these long-awaited products to move forward—or remain stuck in review limbo.