Key Highlights
- •The SEC has approved NYSE Arca to list the Bitwise 10 Crypto Index ETF.
- •The fund will maintain an 85% exposure to SEC-approved crypto assets, including BTC, ETH, XRP, and SOL.
- •This launch follows a surge in XRP ETF demand, which saw $250 million 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 designed to track the ten largest digital assets in the market. This decision represents another progression in the SEC’s measured expansion of approved crypto investment vehicles, occurring amidst heightened interest generated by the XRP ETF launch earlier this month.
A New Regulated Gateway into Top Crypto Assets
The Bitwise 10 Crypto Index ETF is structured to hold a diversified portfolio that mirrors the Bitwise 10 Index. According to the SEC filing, the fund is mandated to maintain at least 85% of its portfolio in assets that have already received approval for exchange-traded products. The remaining portion of the portfolio is capped at a maximum of 15%.
As of June 30, the portfolio weights would have been allocated as follows:
- •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 Net Asset Value (NAV) will be calculated daily using CF Benchmarks reference pricing at 4 p.m. Eastern Time. Shares of the ETF will be created and redeemed in large blocks using a cash-based process. This approval positions Bitwise’s fund as one of the most comprehensive crypto index products available on a U.S. exchange, offering SEC-regulated exposure across a range of major digital assets, including XRP.
XRP ETF Hype Sets the Stage
The SEC’s approval of the Bitwise ETF comes on the heels of a highly anticipated ETF debut that occurred earlier this month. On November 14, Canary Capital’s XRP ETF, ticker XRPC, recorded $250 million in first-day inflows, marking the most successful debut among over 900 ETFs launched in 2025.
The fund’s in-kind creation process, which permits issuers to transfer XRP directly rather than cash, played a significant role in enabling inflows to exceed trading volume. Industry analysts suggest that this specific structure effectively unlocked pent-up institutional demand, particularly following Ripple's favorable regulatory outcomes earlier in the year.
"XRP has one of the strongest retail communities in crypto," commented Min Jung of Presto. Lawrence Samantha, CEO of NOBI, noted that sustained inflows would serve as an indicator of long-term institutional positioning in the asset.
What Comes Next
With NYSE Arca now cleared to list the Bitwise 10 ETF, investors are evaluating how these index-style crypto products will perform in comparison to single-asset ETFs such as those for Bitcoin, Ether, and XRP. The SEC's approval signifies a gradual shift towards providing broader, regulated exposure to cryptocurrencies, characterized by clear pricing mechanisms and robust oversight.
As XRP ETF inflows continue to surge and Bitwise prepares to launch its index product, analysts anticipate that more diversified crypto funds will emerge. Regardless of whether the current momentum extends into 2026 or if single-asset ETFs maintain their dominance, one outcome is certain: regulated crypto index investing has officially arrived on the NYSE.