The Securities and Exchange Commission approved — then abruptly paused — Bitwise’s plan to convert its Bitwise 10 Crypto Index Fund (BITW) into a spot exchange-traded fund (ETF) on Tuesday, raising ...

Bitwise launched the fund in 2017. The 2.5% expense ratio remains steep by ETF standards, but the conversion to a spot ETF would make BITW the first multi-asset crypto index ETF in the U.S. — if it ...