Bitwise Files for Crypto Index Fund ETF with Exposure to 10 Major Cryptocurrencies

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Overview

Digital asset management firm Bitwise has filed for an exchange-traded fund (ETF) based on its Bitwise 10 Crypto Index Fund, offering investors exposure to 10 major cryptocurrencies. The filing, submitted to the SEC, outlines partnerships with key firms like Coinbase Custody and BNY Mellon for security and administration.


Key Highlights

Cryptocurrency Allocations

| Asset | Allocation |
|-------------|------------|
| Bitcoin | 75.10% |
| Ethereum | 16.50% |
| Solana | 4.30% |
| XRP | 1.50% |
| Cardano | 0.70% |
| Avalanche | 0.60% |
| Others* | 1.30% |

*Includes Bitcoin Cash, Polkadot, Uniswap, and Chainlink.


Strategic Partnerships

1. Coinbase Custody

2. BNY Mellon

👉 Explore secure crypto investment options


Regulatory Landscape and Industry Sentiment

The crypto industry anticipates potential ETF approvals under a more favorable regulatory environment. Key factors include:

FAQs

Q: When will the SEC decide on this ETF?
A: No deadline is set, but approval could take months.

Q: Why is Bitcoin’s allocation so high?
A: Bitcoin’s market dominance and liquidity make it a cornerstone of crypto ETFs.

Q: How does this ETF differ from others?
A: It offers diversified exposure beyond Bitcoin/Ethereum, including altcoins like Solana and XRP.


Future Outlook

Bitwise’s move aligns with growing demand for regulated crypto investment vehicles. Success could pave the way for:

👉 Learn about crypto ETF trends


Conclusion

This ETF combines diversification, institutional security, and regulatory clarity efforts, positioning it as a potential game-changer. Investors should monitor SEC developments closely.