Bitwise Submits Application to Issue 10 Crypto Index ETF

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Bitwise Asset Management, in partnership with the New York Stock Exchange, has formally filed a 10 Crypto Index ETF with the US Securities and Exchange Commission (SEC). The ETF tracks the performance of ten leading cryptocurrencies, including Bitcoin, Ethereum, Solana, and XRP.

The portfolio’s assets are weighted according to their market share. This filing is another significant step for Bitwise, which has also recently applied for Bitcoin and Ethereum exchange-traded products (ETPs).

The Trust’s investment objective is to invest in a portfolio of digital assets that tracks the Bitwise 10 Large Cap Crypto Index, which is administered by Bitwise Index Services, LLC, a subsidiary of the Sponsor. The Trust rebalances monthly to align with any changes in the Index.

With increasing interest in diverse crypto ETF options, including those focused on Solana, Bitwise’s momentum is evidence of shifting industry dynamics.