Yeliz Akmaca 
Bitwise Asset Management has filed with the SEC to convert its existing fund into a spot ETF encompassing 10 cryptocurrencies. The application process is currently ongoing.
SEC filings confirm that the application for the Bitwise 10 Crypto Index Fund has been completed. The fund includes Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Cardano (ADA), Sui (SUI), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Polkadot (DOT).
This ETF structure aims to provide investors with access to a broad basket of crypto assets through a single transaction. Moreover, the fund is planned to be listed on the Nasdaq exchange. The SEC is still reviewing the application.
SEC Decision Pending: Deadline Set for July 31
Bitwise has taken a significant step to launch this multi-asset ETF model. However, the SEC has not yet approved the application. The regulatory agency is expected to issue a decision by July 31, 2025.
The filing has already faced three delays, and the latest version was published on the EDGAR system on July 19, 2025. This document is a prospectus update and does not imply approval.
Notably, assets such as XRP, SOL, SUI, and LINK are rarely included in previous spot ETF filings, which has raised hopes that the SEC may adopt a more flexible stance towards crypto diversity.
Wider Options for Institutional Investors
Bitwise’s ETF offers institutional investors a diversified portfolio beyond BTC and ETH. Each crypto asset will be included with specific weightings in the fund.
This move aligns with a broader trend of traditional investment platforms expanding their crypto product offerings. The SEC’s upcoming decision could also set a precedent for other similar applications.
If approved, this ETF could become one of the most comprehensive crypto investment products to date. However, it’s important to note that the approval process is still ongoing, and the fund is not yet trading.
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