Bitwise submits application for 10 Crypto Index Fund ETF

Bitwise Asset Management has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) based on its 10 Crypto Index Fund.

If approved, the ETF will be listed on the New York Stock Exchange (NYSE) Arca and provide indirect exposure to a diversified portfolio of cryptocurrencies.

According to the November 27 filing, the ETF will hold only the portfolio assets and cash.

Coinbase Custody will manage the digital asset holdings, while the Bank of New York Mellon will oversee cash custody, administration, and transfer services.

The 10 Crypto Index Fund, launched in November 2017, is primarily weighted toward Bitcoin (CRYPTO:BTC) and Ether (CRYPTO:ETH), which together account for over 91% of its portfolio.

The fund also includes allocations to Solana (CRYPTO:SOL), Ripple (CRYPTO:XRP), Avalanche (CRYPTO:AVAX), Chainlink (CRYPTO:LINK), Cardano (CRYPTO:ADA), Bitcoin Cash (CRYPTO:BCH), Uniswap (CRYPTO:UNI), and Polkadot (CRYPTO:DOT).

Currently, the fund has $1.4 billion in assets under management.

This application is part of Bitwise’s broader strategy to expand its ETF offerings.

Recently, NYSE Arca submitted another application for a Bitwise ETF with direct spot Bitcoin and Ether exposure.

Additionally, Bitwise registered a spot Solana ETF in Delaware earlier in November.

The SEC has not yet announced a timeline for reviewing or deciding on the application.

The filing follows regulatory shifts in the U.S., with growing optimism after the election of pro-crypto leaders, including President-elect Donald Trump.

The crypto industry anticipates that these regulatory changes could foster greater adoption of cryptocurrency-focused investment products.

The proposed Bitwise 10 Crypto Index Fund ETF aims to offer investors broader access to the digital asset market.