{"content":"SEC pauses approval of Bitwise crypto ETF shortly after greenlight The U.S. Securities and Exchange Commission (SEC) initially granted accelerated approval on July 22 for Bitwise’s proposal to convert its Bitwise 10 Crypto Index Fund (ticker: BITW) into an exchange-traded fund (ETF). However, just hours later, Assistant Secretary Sherry R. Haywood issued a stay on the order, stating the Commission would review the delegated decision under Rule 431. BITW tracks a market-cap-weighted basket of assets including BTC, ETH, XRP, SOL, and Polkadot. The pause mirrors a similar move the SEC made earlier this month with a Grayscale ETF proposal. Amid a more crypto-friendly regulatory environment under President Donald Trump, the SEC is also reviewing a range of other crypto ETF proposals — including ones tied to SOL and DOGE.","images":[],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}