According to Odaily, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on the application to convert the Bitwise 10 Crypto Index Fund (BITW) into an exchange-traded fund (ETF) until late July. This delay indicates that the approval of the Bitwise ETF will require additional waiting time. Furthermore, Bloomberg ETF analyst James Seyffart noted that the next deadline for Grayscale's GDLC is February 2, and a delay is also anticipated.

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