SEC Greenlights Then Halts Bitwise’s Bold Move: BITW Crypto Index Fund ETF Conversion in Regulatory Whiplash

The SEC giveth, and the SEC taketh away—Bitwise's ETF dreams hit a bureaucratic speed bump mere moments after approval.

Regulatory whiplash strikes again

The crypto asset manager's ambitious plan to convert its BITW fund into a full-fledged ETF got the regulatory nod before being unceremoniously paused. Classic SEC move—keeping everyone guessing while maintaining perfect bureaucratic symmetry.

Wall Street's crypto dance continues

This seesaw decision highlights the fragile dance between crypto innovators and gatekeepers. One step forward gets matched by a compliance-driven step back—all while traditional finance veterans smirk from their leather chairs.

The takeaway? In crypto regulation, the only certainty is uncertainty. But hey—at least the SEC is consistent in its inconsistency.