The Bitwise 10 Crypto Index Fund is heavily weighted towards Bitcoin (75.14%) and Ether (16.42%), alongside other major assets, including Solana (SOL), Ripple (XRP), Avalanche (AVAX), Chainlink (LINK), Cardano (ADA), Bitcoin Cash (BCH), Uniswap (UNI), and Polkadot (DOT). The fund’s total assets under management (AUM) stand at approximately $1.4 billion.

The filing specifies that the fund will exclusively hold portfolio assets and cash, expressly disclaiming ownership of any other digital assets. Coinbase Custody has been named as the partner for the crypto components, while Bank of New York Mellon will act as the custodian for the cash holdings.

This move is part of Bitwise’s active strategy in the evolving crypto space. Recently, the firm rebranded its European XRP ETF to Bitwise Physical XRP ETP and filed for a spot Bitcoin and Ether ETF on November 26. Additionally, on November 20, Bitwise submitted a filing for a spot Solana ETF in Delaware.

The SEC has yet to determine a timeline for approval or rejection of the application. However, the growing number of pro-crypto politicians and policies in the U.S. indicates a potentially more favorable regulatory environment for cryptocurrencies in the near future.

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