SEC Approves Bitwise 10 Crypto Index ETF Listing on NYSE Arca
The U.S. Securities and Exchange Commission (SEC) has approved NYSE Arca to list the Bitwise 10 Crypto Index ETF. This ETF tracks the ten largest digital assets in the market. It marks another move by the SEC to expand its approved crypto investment products.
ETF Details and Portfolio Composition
The Bitwise 10 Crypto Index ETF will follow the Bitwise 10 Index. By SEC rules, it must keep 85% of its portfolio in SEC-approved crypto assets. The remaining 15% can be in other eligible assets.
As of June 30, the portfolio would include:
- 78.7% Bitcoin (BTC)
- 11.1% Ethereum (ETH)
- 4.97% XRP (XRP)
- 3.03% Solana (SOL)
- Smaller allocations to ADA, SUI, LINK, AVAX, LTC, and DOT
The fund’s daily net asset value (NAV) will be calculated using CF Benchmarks pricing at 4 p.m. ET. Shares will be created and redeemed in large blocks for cash.
XRP ETF Success Fuels Interest in Crypto ETFs
The Bitwise ETF approval follows the strong debut of Canary Capital’s XRP ETF (XRPC) on November 14. XRPC recorded $250 million in first-day inflows, the highest among ETFs launched in 2025.
Its in-kind creation process allows issuers to transfer XRP directly instead of cash. Analysts say this helped meet institutional demand after Ripple’s regulatory wins earlier this year.
Min Jung of Presto said, “XRP has one of the strongest retail communities in crypto.” CEO Lawrence Samantha of NOBI noted that continued inflows could indicate long-term institutional interest.
Outlook for Crypto Index ETFs
With Bitwise’s ETF set to launch on NYSE Arca, investors will watch how diversified crypto funds compete with single-asset ETFs like Bitcoin, Ether, and XRP. This approval shows the SEC’s cautious shift toward broader crypto exposure under regulation.
As XRP ETF inflows grow and Bitwise prepares its product, analysts expect more diversified crypto ETFs. Regulated crypto index investing is now a part of the NYSE offerings.
