request to convert its 10 Crypto Index Fund into a fully-fledged ETF, allowing investors to gain exposure to a diversified basket of digital assets including Bitcoin, Ethereum, XRP, and Solana.
According to the
filing
, the ETF will also include Cardano, Sui, Chainlink, Avalanche, Litecoin, and Polkadot. The move marks one of the broadest crypto ETF approvals in the US market so far and signals a growing regulatory shift toward embracing crypto-based investment products.
Bitwise currently manages approximately $5.79 billion in assets across its 12 crypto ETFs. The flagship spot
Bitcoin ETF
holds about $4.79 billion, and its
Ethereum ETF
adds $431 million in net assets.
As Washington warms up to crypto, industry watchers anticipate a wave of new ETF approvals. Bloomberg ETF analyst James Seyffart
said
in June that he now places 95% approval odds on ETFs for XRP, Litecoin, and Solana. He added that Cardano, Polkadot, HBAR, Avalanche, and even Dogecoin have a 90% likelihood of approval in the coming months
