SEC May Be Delaying Bitwise Bitcoin ETF Approval Pending New Listing Standards and Internal Review

Key Points

1. The SEC is conducting a thorough review of Bitwise’s 10 Crypto registration, delaying its approval.

2. Market analysts compare the Bitwise ETF pause to Grayscale’s earlier ETF delay, noting a pattern of regulatory hesitation.

3. Internal SEC dynamics, including political considerations, may be influencing the pace and transparency of crypto ETF approvals.

4. Industry experts suggest the SEC’s hesitation stems from a lack of standardized listing rules for crypto ETFs.

5. The SEC has extended deadlines for decisions on in-kind redemptions for Bitwise’s Bitcoin and Ether spot ETFs, signaling efforts to simplify the approval process.