The SEC recently approved Bitwise's proposal to convert its Bitwise 10 Crypto Index Fund (BITW) into a spot ETF but quickly put the decision on hold, raising concerns about regulatory standards for crypto ETFs. The fund allocates over 90% of its assets in bitcoin and ether, with the remainder in other altcoins like Solana and Cardano, managing $1.68 billion in assets and rebalancing monthly. This move aligns with similar actions regarding Grayscale's multi-asset crypto fund. Sources suggest the SEC's pause reflects the need for consistent standards, especially for tokens that lack standalone ETFs. This week, the SEC has been busy with multiple ETFs, signaling a shift in its approach. These developments are noteworthy as they may influence future crypto investment strategies and regulatory frameworks.

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