Altcoins News
By Sakamoto Nashi
1 / 11
In a surprising turn of events, the U.S. Securities and Exchange Commission (SEC) has postponed the approval of Bitwise’s multi-asset crypto ETF just hours after staff had…
2 / 11
The ETF had received preliminary approval from the Division of Trading and Markets on Tuesday morning.
3 / 11
Industry voices were quick to weigh in. Nate Geraci, co-founder of The ETF Institute, expressed frustration over the delay, stating that both the Bitwise and other multi-asset…
4 / 11
This isn’t the first instance of such a reversal in 2025. Earlier this month, Grayscale’s Digital Large Cap Fund experienced a nearly identical delay after receiving approval.
5 / 11
The Bitwise 10 Crypto Index Fund is unique in its structure. About 90% of the fund’s assets are allocated to Bitcoin and Ethereum, while the remaining 10% covers eight other…
6 / 11
Had the SEC not paused its progress, this ETF would have become the first officially sanctioned multi-asset crypto ETF in the country.
7 / 11
This hesitation is likely tied to the SEC's ongoing struggle to define clear regulatory standards for digital assets.
8 / 11
Further complicating the landscape, the SEC is simultaneously reviewing other filings from major firms such as Franklin Templeton, Fidelity, and Invesco Galaxy.
9 / 11
The uncertainty surrounding the SEC’s stance has not gone unnoticed. After Grayscale’s fund was paused, the company publicly stated that continued delays were harming investors…
10 / 11
At the moment, the SEC has not provided any timeline or further explanation for the delay. The crypto industry is now watching closely, as this latest reversal underscores the…
11 / 11
Until then, the approval of multi-asset crypto ETFs—despite strong demand and institutional interest—remains uncertain, with regulatory unpredictability continuing to shape the…
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