Bitwise has submitted an application to the US Securities and Exchange Commission (SEC) to create an ETF based on its 10 Crypto Index Fund. If approved, this would be the most comprehensive and diversified crypto ETF available in the US market.
In addition, Bitwise has recently filed for a Solana ETF with the SEC, following in the footsteps of Canary Capital, VanEck, and 21Shares who have also submitted similar applications. The 10 Crypto Index Fund, as stated in the filing, will consist of Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Chainlink, Bitcoin Cash, Polkadot, and Uniswap.
This fund has been in operation since 2018 and its value has been tied to the performance of the ten most valuable cryptocurrencies. Speculation about the recent surge in ADA’s price has led to the belief that it may be due to the purchase of ADA for an ETF.
In fact, the NYSE Arca has also filed for a Bitwise 10 Crypto Index Fund that includes Cardano as its fifth-largest asset. This has been confirmed by prominent cryptocurrency influencer, Big Pey, who shared the news on X.
