Breaking BitWise
Files for 10 Crypto
Index ETF with SEC
BitWise filed an application with the SEC to create an ETF based on its 10
Crypto Index Fund. If approved, this would be the most diversified and
extended crypto ETF in the US market.
Earlier this week, BitWise also filed for a Solana ETF with the SEC, following
the applications of Canary Capital, VanEck, and 21Shares
BitWise is Looking to Expand its Crypto ETF Offerings
According to the filing , the fund includes Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum, Solana, XRP,
Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano, Avalanche , Chainlink , Bitcoin Cash• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, Polkadot, and Uniswap. BitWise
has maintained this initial fund since 2018, correlating its value with the
ten most highly valued cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.
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Remember when I was speculating that ADAs HUGE price movement was from
someone purchasing ADA for an ETF? NYSE Arca just submitted a filing to the
SEC to launch a Bitwise 10 Crypto Index Fund with Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano as the fifth largest
asset. I imagine Coinbase will follow, first of many, influencer Big
Pey posted on X (formerly Twitter).
BitWise joined the crypto ETF market earlier this year with its Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin ETF
(BITB). The firm was among the first ten applicants to file for an ETF with
the SEC. All Assets Under the BitWise Crypto Index ETF. Source: SEC
With the filing of this latest application, it seems like BitWise is looking
to leverage the growing institutional appeal toward the broader crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.
The firm also recently filed for an XRP exchange-traded product (ETP) in
Europe .
The SEC officially acknowledged this submission, starting a countdown for the
Commission to either reject or approve it. However, a deadline for deciding on
this application has yet to be confirmed.
Overall, a new friendliness to the crypto industry is sweeping the US
financial regulatory apparatus. Under Trump s administration and a new
SEC leader, the industry is likely to see more diverse ETFs being approved.
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