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SEC Delays Decision on Bitwise 10 Crypto Index ETF to 31/7/2025!
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The U.S. Securities and Exchange Commission (SEC) has extended the review period for the Bitwise 10 Crypto Index ETF application, pushing the decision deadline to 31/7/2025, according to a filing on 29/5/2025.
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This ETF, aimed at tracking the top 10 cryptocurrencies such as Bitcoin (78%), Ethereum, Solana, XRP, and Cardano, is expected to be a turning point for crypto investment in the U.S.
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Reason for the delay: The SEC needs more time to conduct a comprehensive assessment of the fund's impact. This move is not surprising, as the SEC has also delayed other altcoin ETFs like Grayscale's Cardano and Avalanche. Nevertheless, the crypto community remains optimistic, hoping for approval after Paul Atkins officially takes over as SEC Chairman.
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Will the Bitwise ETF open a new era for altcoins?
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