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The post Bitwise Gets XRP ETF Approval from SEC, But Trading Halted appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) has approved the conversion of the Bitwise Crypto Index Fund into a full-fledged exchange-traded fund (ETF), marking a significant step for diversified crypto investments. But just as markets began to react, the ETF’s launch was suddenly delayed due to a regulatory stay, leaving investors frustrated and analysts questioning the move.
An Altcoin-Friendly ETF—But on Hold
The ETF, managed by Bitwise, is designed to track a basket of leading cryptocurrencies. According to documents filed with the SEC, its current allocations include Bitcoin (78.72%), Ethereum (11.10%), and XRP (4.97%). It also holds smaller portions of altcoins like Solana, Cardano, Chainlink, SUI, Avalanche, Polkadot, and Litecoin.
Under SEC guidelines, at least 85% of ETF assets must be in cryptocurrencies already approved for exchange-traded produ

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