🚨 SEC has initially approved the conversion of the Bitwise 10 Crypto Index Fund (BITW) – tracking the 10 largest crypto assets including $BTC, $ETH, $XRP, $SOL, $ADA, $SUI, $AVAX, $LTC, $DOT – into a spot ETF. Just hours later, #SEC paused the decision for further review, citing concerns over market manipulation risks, multi-asset custody complexities, and investor protection. BITW, managing ~$1.68B with a 2.5% fee, could become the first multi-asset crypto #ETF in the U.S. if approved.