SEC Delays Bitwise’s $1.4B Crypto ETF Dream: Is the Crypto Market Ready for a Game-Changer?
The SEC postpones Bitwise’s bid to convert its $1.4B 10 Crypto Index Fund into an ETF until July 2025, stalling diversified crypto exposure. Will this delay reshape investor confidence? Dive into the future of crypto investing!
On May 28, 2025, the U.S. Securities and Exchange Commission (SEC) delayed its decision on Bitwise Asset Management’s proposal to convert its $1.4 billion 10 Crypto Index Fund (BITW) into an exchange-traded fund (ETF) until July 2025, per Crypto News. The fund, tracking top cryptocurrencies like Bitcoin (75.1%), Ethereum (16.5%), Solana, XRP, and Cardano, aims to list on NYSE Arca, offering regulated, diversified crypto exposure.
The SEC’s third delay, following extensions in January and March, reflects caution around market manipulation and investor protections, per CoinDesk. No public comments were received since the filing’s December 2024 publication in the Federal Register, yet the SEC seeks more time to assess risks. Bitwise’s CEO, Hunter Horsley, emphasizes the ETF’s potential for enhanced liquidity and alignment with Net Asset Value, per Crypto Briefing.
For beginners, this delay highlights regulatory hurdles in crypto but doesn’t dim its appeal—Bitcoin’s $111,000 peak shows strong market momentum. Posts on X suggest optimism for approval post-Trump’s inauguration, citing a pro-crypto shift. Investors should diversify and monitor SEC updates to navigate this evolving landscape safely.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
