SEC Approves Bitwise 10 Crypto Index Fund ETF Conversion Featuring BTC and Top Altcoins

On July 23, the U.S. Securities and Exchange Commission (SEC) authorized the transformation of the Bitwise 10 Crypto Index Fund into an Exchange-Traded Fund (ETF). This regulatory approval marks a significant milestone in the institutional adoption of digital assets. The ETF will encompass a diversified portfolio of leading cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), Cardano (ADA), Sui (SUI), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Polkadot (DOT). This development is expected to enhance market liquidity and provide investors with streamlined access to a broad spectrum of crypto assets under a regulated framework. The SEC’s decision reflects growing confidence in the maturation of the crypto market infrastructure and regulatory compliance.