【Breaking News】Bitwise 10 Crypto Index Fund Approved by SEC to Convert to Spot ETF, $DOT is Among the Assets!

On July 22, 2025, the SEC approved Bitwise's application to convert its Bitwise 10 Crypto Index Fund (BITW) into a spot crypto ETF, intending to list it on NYSE Arca. The fund covers 10 major crypto assets including BTC, ETH, SOL, XRP, ADA, SUI, LTC, DOT, LINK, AVAX, with a management scale of $1.68 billion.

🚨However, on the same day, the SEC initiated a review procedure under internal rule 431 and postponed the execution of the approval decision, stating that it requires further examination by the full committee, and the final launch time is still unknown.

This morning has been a roller coaster...

At first, it was exciting to see Polkadot (DOT) officially enter the first multi-asset crypto ETF component list in the United States!

But then came the news that... the SEC is going to postpone the execution...

We will continue to follow up on this information.