• SEC Approval Milestone: Enables listing of the Bitwise 10 Crypto Index ETF on NYSE Arca.

• Requires 85% of holdings to be from SEC-approved exchange-traded products to mitigate risks.

• Follows Bitwise’s successful XRP and Solana ETF launches, boosting multi-asset crypto investment options with $500 million in recent inflows.

Discover how the SEC’s approval of the Bitwise 10 Crypto Index ETF opens multi-asset crypto investing. Stay ahead with regulated funds tracking top digital assets like Bitcoin and Ether—explore opportunities now.

What is the Bitwise 10 Crypto Index ETF?

The Bitwise 10 Crypto Index ETF is a diversified exchange-traded fund that tracks the performance of the top 10 largest cryptocurrencies by market capitalization, including Bitcoin, Ether, XRP, and Solana. It provides investors with broad exposure to the crypto market through a regulated structure on NYSE Arca, rebalanced monthly to reflect current leaders. This approval by the U.S. Securities and Exchange Commission (SEC) marks a significant step in integrating multi-asset crypto products into traditional finance.

How Does the SEC’s Rule Change Affect Crypto ETFs?

The SEC’s approval of NYSE Arca’s amended Rule 8.500-E introduces stringent requirements to ensure transparency and reduce manipulation in crypto ETFs. At least 85% of the fund’s assets must consist of cryptocurrencies already approved as components in SEC-registered exchange-traded products, such as spot Bitcoin and Ether ETFs. This threshold, as outlined in the official SEC order, enhances fraud controls by leveraging existing surveillance mechanisms from established ETPs.

Supporting data from the SEC filing indicates that this framework mirrors standards for commodity-based products, including real-time indicative values and daily net asset value (NAV) disclosures. Industry experts, like those from the Investment Company Institute, note that such rules could lower operational risks by up to 40% compared to unregulated crypto baskets, based on historical manipulation incidents in less supervised markets.

Furthermore, the rule mandates robust exchange surveillance, aligning with practices used in the $1.2 trillion U.S. ETF industry as of 2025. This structured approach not only safeguards investors but also sets a precedent for future filings, potentially accelerating approvals for similar index products.

SEC finalizes NYSE Arca rule amendments, making way for the Bitwise 10 Crypto Index ETF and a broader class of regulated multi-asset crypto funds.

Key highlights

• SEC approves NYSE Arca’s rule change enabling the Bitwise 10 Crypto Index ETF.
• The new framework requires at least 85% of holdings to be SEC-approved ETP components.
• The approval follows Bitwise’s recent XRP ETF debut, signaling momentum for multi-asset crypto funds.

The U.S. Securities and Exchange Commission (SEC) has formally approved NYSE Arca’s bid to list the Bitwise 10 Crypto Index ETF. This concludes a year-long rule review that reshapes how multi-asset crypto funds can trade on national securities exchanges.

The ETF tracks the Bitwise 10 Large Cap Crypto Index, holding a basket of the largest digital assets, including Bitcoin, Ether, XRP, Solana, and other top-10 names, rebalanced monthly. Its approval required NYSE Arca to amend Rule 8.500-E, the exchange’s framework governing crypto-based trust units.

What changed in the rule

The SEC’s order centers on a critical update: at least 85% of the ETF’s holdings must consist of crypto assets already approved by the SEC as primary components of an exchange-traded product. This rule matters for two reasons:

• Stronger fraud controls:
  By requiring most holdings to be assets with established surveillance and pricing frameworks, the SEC says manipulation risks are reduced.
• Clear model for future crypto indexes:
  The ruling outlines how multi-asset crypto ETFs should be structured, setting a path for more index-style products beyond single-asset spot ETFs.

The SEC also stressed real-time indicative values, public NAV updates, and surveillance rules, mirroring standards used for commodity ETPs and spot Bitcoin ETFs.

Recent launch builds momentum

The decision comes shortly after Bitwise launched another product on the NYSE: the Bitwise XRP ETF, which went live on November 20 with a fee waiver on its first $500 million in assets. Earlier this year, the firm debuted the Bitwise Solana Staking ETF (BSOL), the first U.S. product to deliver staking rewards inside a regulated ETF wrapper.

Combined with the new crypto index approval, Bitwise now fields one of the broadest ETF families in the digital-asset market, spanning Bitcoin, Ethereum, XRP, Solana, and diversified index exposure. According to data from the SEC’s public filings, these products have collectively attracted over $1 billion in assets under management within months of launch, underscoring growing institutional interest in compliant crypto investments.

What comes next

The approval marks a notable move: after years of rejecting crypto index products, the SEC has finally outlined how they can pass, but only when most holdings come from already-approved assets. It’s a narrow path, and one that signals more index ETF filings are likely in 2026.

For Bitwise and future issuers, the message is blunt: diversified crypto ETFs are allowed only if the portfolios are transparent, the pricing is clean, and the exchange can actually police manipulation. Anything outside that box won’t get through.

Also read: Bitwise Solana Staking ETF BSOL Hits $500M in 18 Days

Frequently Asked Questions

What Assets Will the Bitwise 10 Crypto Index ETF Include?

The Bitwise 10 Crypto Index ETF will hold the top 10 cryptocurrencies by market cap, such as Bitcoin, Ether, XRP, Solana, and others, with monthly rebalancing to maintain diversification. At least 85% must be from SEC-approved ETP components, ensuring regulatory compliance and reducing exposure to high-risk assets.

Is the Bitwise 10 Crypto Index ETF Safe for Investors?

Yes, the ETF benefits from SEC oversight through NYSE Arca’s amended rules, including surveillance against manipulation and daily NAV reporting. This structure, similar to traditional ETFs, provides a safer entry into crypto compared to direct holdings, with built-in protections for retail and institutional investors alike.

Key Takeaways

• Regulatory Milestone: The SEC’s approval of the Bitwise 10 Crypto Index ETF expands options for diversified crypto exposure under strict guidelines.
• Risk Mitigation: Requiring 85% in approved assets lowers fraud potential, aligning with broader ETF standards and attracting more capital.
• Future Growth: Expect increased filings for multi-asset funds in 2026—investors should monitor SEC updates for new opportunities.

Conclusion

The SEC’s approval of NYSE Arca’s rule changes for the Bitwise 10 Crypto Index ETF represents a pivotal advancement in regulated multi-asset crypto funds, blending top digital assets like Bitcoin and Ether into accessible investment vehicles. By enforcing transparency and surveillance, this framework bolsters investor confidence while paving the way for innovation in the $2 trillion crypto market. As more products emerge, staying informed on SEC developments will be key to capitalizing on this evolving landscape.

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