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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
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⚡️ SEC postpones the launch of Bitwise Crypto Index ETF
The U.S. Securities and Exchange Commission (SEC) approved but immediately suspended Bitwise's plan to convert its Bitwise 10 Crypto Index Fund (BITW) into a spot exchange-traded fund (ETF).
❗️ The fund could become the first multi-asset crypto-ETF in the USA with assets totaling $1.68 billion.
The launch has been delayed due to additional SEC verification in accordance with rule 431(e).