SEC Puts Brakes on Bitwise Crypto ETF Approval Amid Industry Uncertainty

Description

The U.S. Securities and Exchange Commission (SEC) initially approved the conversion of the Bitwise 10 Crypto Index Fund into an exchange-traded fund (ETF), but quickly withdrew its accelerated approval. According to a document dated July 22, 2025, the decision was first issued by the SEC's Division of Trading and Markets. However, Assistant Secretary Sherry R. Haywood later announced that the matter would be reviewed by the full Commission. In its official notice , a representative of the SEC ci...