The U.S. Securities and Exchange Commission approved the conversion of Bitwise's cryptocurrency index fund, but then quickly hit pause. The SEC's Division of Trading and Markets granted an "accelerated approval" of the Bitwise 10 Crypto Index ETF on Tuesday, according to a filing. However, the SEC's Assistant Secretary Sherry R. Haywood later stayed the action and said the commission would review it. "This letter is to notify you that, pursuant to Rule 431 of the Commission’s Rules of Practice, 17 CFR 201.431, the Commission will review the delegated action," Haywood said on Tuesday. "In accordance with Rule ... (full story)