BitwiseThe application for the transformation of 10 Crypto Money Index Fund to ETF is accepted by the US Securities and Stock Exchange Commission (SEC) Department of Trade and Markets on 22 July 2025. was However, the same day SEC Deputy Secretary General Sherry R. Haywood17 CFR 201.431 in accordance with the decision to examine the decision by declaring the implementation of the approval. SEC’s decision to re -examine before GrayscaleIt was likened to suspend the transformation approval for a similar fund. Bitwise’s BITW coded fund Bitcoin 
$118,974.48 Ethereum, especially 
$3,691.10Such as XRP, Solana and Polkadot 9 altcoincovers. Bitwise did not comment after the development, while the Second spokesman refused to talk about specific files.
Accelerated approval has actually become unjustified
In Haywood’s letter SelectionRule 431 will review the transaction taken with the transfer of authority and the order of July 22 will be suspended until a new instruction said. Thus, the accelerated approval has actually become unacceptable. The timing of the decision is SEC’s Crypto Money ETF‘s a standard listing frame for the news that the news came on the agenda.
SEC’s decision to suspend Grayscale Digital Large Cap FundIt was also seen during the transformation of ETF. In that background, accelerated approval was given first and then the approval was suspended in a short time. Grayscale announced that it was determined to maintain the process. Crypto investors’ application – the reason will surprise you!
Expert comments on the process
From Van Buren Capital Scott JohnsonHe argued that the approval may have been given by knowing that the approval of the Democratic Commission Member Caroline Crenshaw would appeal or is planned in accordance with the calendar. According to him, two scenarios are facing a situation that should not be investors. From Bloomberg Intelligence James Seyffart He said that he participated in Johnson’s interpretation and thought that SEC was watching the distraction tactic until the comprehensive framework was completed. written.
The alleged new listing standard, which is claimed to be working on the SEC, is expected to shorten the process that can extend up to 240 days. Currently US regulatory Fadingisland Dogcoin 
$0.011424ETF is examining ETF applications for a very large crypto currency list. Decisions for ETFs are expected to be announced until September-October.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
