BitWise, a prominent name in cryptocurrency investment, has submitted a filing to the U.S. Securities and Exchange Commission (SEC) seeking approval for a new ETF based on its Crypto 10 Index. If approved, this would become the largest and most diversified cryptocurrency ETF in the U.S. market.
The proposed fund will include the world’s top 10 cryptocurrencies, such as Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Chainlink, Bitcoin Cash, Polkadot, and Uniswap. Building on the success of its 10 Crypto Index Fund launched in 2018, BitWise aims to provide investors with broader exposure to the crypto market, surpassing the limited scope of single-asset investments like Bitcoin or Ethereum.
Notably, BitWise has also filed for a Solana ETF, joining competitors like Canary Capital, VanEck, and 21Shares. This strategic move positions BitWise to capitalize on the growing interest from institutional investors in the cryptocurrency market.
Related: Bitwise Registers Solana ETF in Delaware
On social media, renowned investor Big Pey suggested that the recent price surge of Cardano (ADA) could be tied to anticipation surrounding the new ETF, where ADA is expected to be the fifth-largest asset. He speculated:
Coinbase will likely join the game soon, marking the beginning of the next wave of ETFs.
Beyond the U.S., BitWise is expanding its footprint to Europe with a filing for an ETP based on XRP. The SEC has acknowledged the application and initiated its review, although no specific timeline for a decision has been announced.
As the cryptocurrency sector gains broader acceptance—especially under the administration of President Trump—industry experts predict a surge in ETF approvals, paving the way for new investment opportunities for both institutional and retail investors.
