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🚀 SEC HAS BACKED OUT AGAIN! BITWISE ETF DELAYED IMMEDIATELY AFTER APPROVAL

🟢Just a few hours after approving Bitwise's conversion of the crypto fund into an ETF, the SEC unexpectedly “hit the brakes” citing the need for… further review.
🟢 In a letter dated July 22, the SEC announced it would "postpone the effectiveness" of the previous decision and await the official committee's next decision.
🟢 Bloomberg analyst James Seyffart noted that this could be a strategy to buy time while waiting for a clearer legal framework before greenlighting a series of crypto ETFs.
🟢 This case is exactly like the Grayscale ETF being delayed at the last minute previously – even though it had already been approved by the SEC itself.
🟢 This move once again confirms: "Playing by the rules can still lead to being backtracked" if there is no official legal framework.