U.S. Securities and Exchange Commission (SEC) Approves Then Pauses Bitwise ETF Offering Wide Crypto Exposure

The very best securities regulator within the US pauses BitWise’s plan to transform its BitWise 10 Crypto Index Fund (BITW) virtually instantly after approval right into a spot Trade-Traded Fund (ETF).

Two days in the past the US Securities and Trade Fee (SEC) gave an “accelerated” approval of Bitwise proposal to transform BITW to a spot ETF.

“In accordance with Part 19 (B) (1) of the Securities Trade Act of 1934 (‘Trade Act’) and Rule 19b-4 under, NYSE ARCA, Inc. (‘Nyse Arca’ or ‘Trade’) submitted with the Securites and Trade Commision No. (‘shares’) of the BitWise 10 crypto index ETF (‘Belief’) underneath modified NYSE Arca Rule 8,500-e (models of confidence).

This order approve the proposal on an accelerated foundation. “

Subsequently, in a separate letter from the identical day, the SEC bitterly knowledgeable about his plan to pause or stay the accelerated approval “.

“This letter is to tell you that, in accordance with Rule 431 of the Fee’s sensible guidelines, 17 CFR 201.431, the Fee will revise the delegated motion. In accordance with Rule 431 (E), the order of July 22, 2025 has remained till the Fee is ordered in any other case.”

Consultants speculate that the SEC probably units the ETF items inspection plans on a break, whereas the intention is to set requirements on numerous crypto -etfs.

The present BITW fund is 90% centered on Bitcoin (BTC) and Ethereum (ETH), the place the remaining 10% is unfold over eight digital property with a big cap.

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Featured picture: Shutterstock/Eduard Muzhevskyi