Summary
- Bitwise has announced that it has applied for a 10 Crypto Index Fund ETF product to the U.S. Securities and Exchange Commission.
- This ETF is operated based on major digital assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP).
- The application aims to provide investors with opportunities for direct exposure to virtual assets.
Digital asset manager Bitwise has submitted an application for a 10 Crypto Index Fund (BITW)-based exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC).
According to a report by Cointelegraph on the 28th (local time), the 10 Crypto Index Fund ETF applied by Bitwise provides direct exposure to virtual assets for investors, with management by Coinbase Custody overseeing the portfolio of assets.
The Bitwise 10 Crypto Index Fund operates based on 10 assets including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Avalanche (AVAX), Chainlink (LINK), Cardano (ADA), Bitcoin Cash (BCH), Uniswap (UNI), and Polkadot (DOT).
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