SEC delays Bitwise 10 Crypto Index Fund ETF decision to July 31, 2025.
Fund includes XRP, SOL, ADA, Bitcoin, Ethereum, and other top cryptocurrencies.
Delay follows SECâs pattern of thorough crypto ETF reviews.
Public comments sought to address investor protection, market manipulation concerns.
Final decisions on single-asset XRP, SOL, ADA ETFs expected by October 2025.
#XRP #Solana #Cardano #CryptoETF #SEC Bitwise ETF Decision Postponed by SEC
The U.S. Securities and Exchange Commission has delayed its decision on the Bitwise 10 Crypto Index Fund ETF, which includes major cryptocurrencies like XRP, Solana (SOL), and Cardano (ADA). The regulator extended the review period by 60 days, setting a new deadline of July 31, 2025.
The Bitwise ETF, filed through NYSE Arca in November 2024, aims to provide diversified exposure to the top 10 cryptocurrencies by market value. The fund includes Bitcoin, Ethereum, XRP, SOL, ADA, and others. The SECâs decision to postpone follows a pattern of thorough evaluations for crypto-related financial products.
The filing was published for public comment in December 2024, with the initial decision expected by June 1, 2025. The SEC cited the need for additional time to assess the proposed rule change and its compliance with regulatory standards. The process began on March 3, 2025, after an earlier delay on January 14.
Ongoing Delays for Crypto ETFs
The SECâs cautious approach extends to other cryptocurrency ETFs. The regulator has also delayed decisions on single-asset ETFs tracking XRP, SOL, and ADA from firms like Franklin Templeton, Grayscale, and 21Shares. No spot ETFs tied to individual altcoins have been approved yet.
The Bitwise 10 Crypto Index Fund, launched in November 2017, seeks to simplify crypto investment through traditional brokerage accounts. The ETFâs structure avoids the complexities of direct token ownership, such as managing private keys. The SEC is evaluating whether the fund meets investor protection and market manipulation standards.
Public comments are being sought to address concerns about the ETFâs design. The regulator has up to 240 days from the initial filing to issue a final ruling, aligning with its historical review periods for Bitcoin and Ethereum ETFs. Decisions on single-asset ETFs for XRP, SOL, and ADA are expected by October 2025.
The SECâs filing notes that the delay does not indicate approval or rejection. It reflects the agencyâs standard procedure for innovative financial products. The Bitwise ETFâs diversified approach may face fewer hurdles than single-asset funds, as it spreads risk across multiple cryptocurrencies.
Investors remain optimistic about eventual approvals. The SECâs crypto-friendly stance under new leadership has fueled speculation, with final decisions anticipated in late 2025. The Bitwise filing aligns with growing institutional interest in crypto ETFs, following the success of Bitcoin and Ethereum funds in 2024.
The extended timeline allows the SEC to gather more data and public feedback. This process ensures compliance with the Securities Exchange Act, particularly regarding market integrity and investor safety. The Bitwise ETFâs outcome could set a precedent for other multi-asset crypto funds.
The delay aligns with similar postponements for Solana and XRP ETFs from 21Shares and Grayscale. The SECâs consistent delays reflect its methodical approach to regulating emerging financial products. Investors can track updates on the SECâs official filings for further developments.