SEC Delays Bitwise Crypto ETF Decision

SEC Delays Decision on Bitwise 10 Crypto Index ETF

• The SEC extended the review period for the Bitwise ETF proposal to July 31, 2025.
• The proposal aims to list the Bitwise 10 Crypto Index Fund on NYSE Arca.
• The fund includes major crypto assets like Bitcoin, Ethereum, XRP, Solana, and Cardano.
• As of May 27, 2025, the fund was valued at $1.4 billion with Bitcoin comprising nearly 78%.
• The SEC also delayed decisions on Grayscale’s spot Cardano and Avalanche ETFs.

The SEC has postponed its decision on the Bitwise ETF proposal until July 31, 2025. The fund seeks to provide exposure to ten major cryptocurrencies and is currently valued at $1.4 billion with a significant portion in Bitcoin. Similar delays were announced for other crypto ETFs by Grayscale.