The US SEC has postponed the decision on Bitwise BITW's application to convert into an ETF until July

According to a public regulatory document, the US SEC will postpone the decision on Bitwise 10 Crypto Index Fund (BITW) converting to an ETF until late July. This means that whether Bitwise ETF can be approved still requires a longer wait. In addition, Bloomberg ETF analyst James Seyffart pointed out that the next deadline for Grayscale's GDLC is February 2nd. It is also expected to be delayed.