Reading Time: 2 minutesThe Securities and Exchange Commission has approved, then promptly halted, Bitwise’s bid to convert its 10‑Crypto Index Fund into a spot ETF The agency has paused the decision under Rule 431, requiring a full Commission review The move mirrors a similar action against Grayscale and has raised concerns over regulatory consistency The Securities and Exchange Commission (SEC) has abruptly reversed course after approving a plan by Bitwise to convert its 10‑Crypto Index Fund into a spot ETF…
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