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- The SEC’s approval of the Bitwise’s ETF signals growing of institutional interest in crypto assets, especially Bitcoin.
- Despite regulatory stay, the approval of the Bitwise 10 Crypto Index ETF ignites a bullish signal for Bitcoin, which may attract institutional capital inflows.
Following the update by Crypto News Flash (CNF), Bitwise has formally filed an S-1 with the U.S. Securities and Exchange Commission (SEC), aiming to launch a NEAR ETF. The SEC has approved Bitwise Asset Management’s request to convert its Bitwise 10 Crypto Index Fund (BITW) into a fully-fledged exchange-traded fund (ETF).
Specifically, according to reports, this new ETF will provide investors with diversified exposure to the ten major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Cardano (ADA), Sui (SUI), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Polkadot (DOT).
Furthermore, analysts suggest the pause gives the SEC time to formalize generic listing rules for crypto ETFs—cutting approval times from 240 to ~75 days, as guided earlier this month. This was stated by the U.S. Securities and Exchange Commission (SEC) in its official release dated July 22, 2025.
The SEC’s expedited yet paused approval reflects growing support for crypto ETFs—yet underscores regulatory caution.
Previously, the crypto analyst Kyle Chassé noted on X that altcoins are gaining momentum, with the Altcoin Season Index rising from 35 to 50, suggesting that the ETF’s delay comes at a time when investor interest in altcoins is surging.
Inevitably, the pause has been such causing frustration to the investors and analysts who observing it as a setback to the growing acceptance of crypto in traditional finance.
Market Price Implications for Bitcoin (BTC)
According to the report, the approval of the Bitwise 10 Crypto Index ETF, despite the regulatory stay, is a bullish signal for Bitcoin, which constitutes nearly 79% of the fund’s allocation. Historically, SEC approvals of crypto ETFs have driven significant price rallies for Bitcoin due to increased institutional adoption and investor confidence.
In addition, approval could also be the drive to significant institutional interest and capital inflows into the crypto market, similar to the impact of prior Bitcoin and Ethereum ETF approvals, as stated by the U.S. Securities and Exchange Commission (SEC)in its approval order:
The Commission has previously found that the risks associated with fraud and manipulation are sufficiently mitigated if an ETP holds at least 80% of the investments in assets that do not raise concerns… such as bitcoin and ether.
At the time of writing, however, market reactions to the Bitwise ETF approval have been muted due to the regulatory stay, with Bitcoin trading at approximately $118,540.30, according to Coin Market Cap data, showing no significant price movement from the previous days. See BTC price chart below.
