Key Highlights
- The SEC has approved NYSE Arca to list the Bitwise 10 Crypto Index ETF.
- The fund maintains an 85% exposure to SEC-approved crypto assets, including BTC, ETH, XRP, and SOL.
- The launch comes as XRP ETF demand accelerates, with $250M in first-day inflows.
The U.S. Securities and Exchange Commission (SEC) has approved NYSE Arca to list the Bitwise 10 Crypto Index ETF, a regulated product tracking the ten largest digital assets in the market.
The decision marks another step in the SEC’s gradual expansion of approved crypto investment vehicles, following the increased interest created by this month’s XRP ETF launch.
A new regulated gateway into top crypto assets
The Bitwise 10 Crypto Index ETF would hold a diversified portfolio that mirrors the Bitwise 10 Index. According to the SEC filing, the fund must keep at least 85% of its portfolio in assets already approved for exchange-traded products, with the remainder capped at 15%.
As of June 30, the portfolio weights would have included:
- 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.
Daily NAV will be calculated using CF Benchmarks reference pricing at 4 p.m. ET. Shares will be created and redeemed in large blocks for cash.
The approval makes Bitwise’s fund one of the most comprehensive crypto index products on a U.S. exchange, offering SEC-regulated exposure across major assets, including XRP.
XRP ETF hype sets the stage
The SEC’s approval follows a widely watched ETF debut earlier this month. On November 14, Canary Capital’s XRP ETF (XRPC) recorded $250 million in first-day inflows, the strongest debut among over 900 ETFs launched in 2025.
The fund’s in-kind creation process, letting issuers transfer XRP directly instead of cash, helped inflows exceed trading volume. Analysts say the structure unlocked pent-up institutional demand after Ripple’s regulatory wins earlier this year.
“XRP has one of the strongest retail communities in crypto,” said Min Jung of Presto. NOBI CEO Lawrence Samantha noted that continued inflows would signal long-term institutional positioning.
What comes next
With NYSE Arca cleared to list the Bitwise 10 ETF, investors are now weighing how index-style crypto products will compete with single-asset ETFs like Bitcoin, Ether, and XRP. The approval signals the SEC’s gradual shift toward broader, regulated crypto exposure with clear pricing and oversight.
As XRP ETF inflows surge and Bitwise readies its index product, analysts expect more diversified funds to follow. Whether momentum lasts into 2026 or single-asset ETFs dominate, one thing is clear: regulated crypto index investing has officially arrived on the NYSE.
Also read: Canary’s XRPC Sees Rapid Early Volume in Big Debut
