SEC Approves, Immediately Pauses Bitwise's Bid to Convert BITW Crypto Index Fund to ETF

SEC Halts Approval of Bitwise ETF Offering Broad Crypto Exposure

A key US regulator halted the approval process for a new cryptocurrency exchange-traded fund just hours after initially signing off, in a setback for digital-asset proponents hoping for easy-to-trade funds that expand access to more tokens.

SEC Hits Pause After Approving Bitwise Crypto ETF Conversion

The U.S. Securities and Exchange Commission (SEC) initially approved the conversion of Bitwise Asset Management’s 10 Crypto Index Fund (BITW) into a spot exchange-traded fund (ETF) on Tuesday, but quickly issued a stay order, pausing the process for a full commission review. The Bitwise 10 Crypto Index Fund currently offers exposure to a basket of major digital assets weighted by market cap. The fund holds roughly 90% of its assets in BTC and ET…

SEC Approves, Immediately Pauses Bitwise's Bid to Convert BITW Crypto Index Fund to ETF

The Securities and Exchange Commission approved — then abruptly paused — Bitwise’s plan to convert its Bitwise 10 Crypto Index Fund (BITW) into a spot exchange-traded fund (ETF) on Tuesday, raising fresh uncertainty around the agency’s standards for crypto ETFs.The fund holds 90% of its weight in bitcoin (BTC) and ether (ETH), with the remainder spread across Solana (SOL), XRP, Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), Bitcoin Cash (BCH…

Bitwise is 'actively evaluating' the SEC's pause on its initially approved crypto index fund

Bitwise says it's "actively evaluating" the U.S. Securities and Exchange Commission's recent move to pause the conversion of its cryptocurrency index …

Ripple Price Prediction As SEC Approves And Pauses Bitwise ETF Holding XRP

The post Ripple Price Prediction As SEC Approves And Pauses Bitwise ETF Holding XRP appeared first on Coinpedia Fintech News The US Securities and Exchange Commission (SEC) recently made headlines by granting approval for Bitwise’s new spot crypto ETF, which includes XRP. However, just as the crypto...

Bitwise ETF Approval Paused by SEC; Is a Power Struggle Brewing Inside the Commission? ETHNews

The SEC approved and then abruptly paused Bitwise’s crypto index fund ETF conversion, raising concerns about internal disagreements and regulatory strategy within the Commission. Analysts speculate the delay may be politically motivated or part of a broader plan to introduce new crypto ETF listing standards. In an unexpected turn of events, the U.S. Securities and Exchange Commission (SEC) has approved , then swiftly paused, the conversion of Bi…