Why the SEC is stalling new crypto ETFs even after greenlighting them

The US Securities and Exchange Commission (SEC) has issued a stay order on Bitwise’s bid to convert its over-the-counter (OTC) crypto index fund into a spot exchange-traded fund (ETF). The decision came just hours after the SEC’s Division of Trading and Markets granted accelerated approval for the application on July 22. source: https://cryptoslate.com/why-the-sec-is-stalling-new-crypto-etfs-even-after-greenlighting-them/