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| comment | | "parent_author":"",<br>"parent_permlink":"hive-136769",<br>"author":"tetsu26",<br>"permlink":"bitwise-seeks-to-launch-multi-asset-etf-for-10-cryptocurrencies",<br>"title":"BitWise Seeks to Launch Multi-Asset ETF for 10 Cryptocurrencies",<br>"body":"<div class=\"text-justify\">\n\nBitWise Investment Fund has submitted a filing to the SEC seeking approval for a mixed ETF fund that includes 10 cryptocurrencies: Bitcoin,<br> Ethereum,<br> Solana,<br> XRP,<br> Cardano,<br> Avalanche,<br> Chainlink,<br> Bitcoin Cash,<br> Polkadot,<br> and Uniswap.\n\n\nBitWise,<br> a prominent name in cryptocurrency investment,<br> has submitted a filing to the U.S. Securities and Exchange Commission (SEC) seeking approval for a new ETF based on its Crypto 10 Index. If approved,<br> this would become the largest and most diversified cryptocurrency ETF in the U.S. market.\n\nThe proposed fund will include the world\u2019s top 10 cryptocurrencies,<br> such as Bitcoin,<br> Ethereum,<br> Solana,<br> XRP,<br> Cardano,<br> Avalanche,<br> Chainlink,<br> Bitcoin Cash,<br> Polkadot,<br> and Uniswap. Building on the success of its 10 Crypto Index Fund launched in 2018,<br> BitWise aims to provide investors with broader exposure to the crypto market,<br> surpassing the limited scope of single-asset investments like Bitcoin or Ethereum.\n\n\n![BitWise-Seeks-to-Launch-Multi-Asset-ETF-for-10-Cryptocurrencies_1.webp (https:\/\/cdn.steemitimages.com\/DQmNhK4iBziqHccVk3oqXU1j4oWXPbBB3Vh4AbbqLbTXADK\/BitWise-Seeks-to-Launch-Multi-Asset-ETF-for-10-Cryptocurrencies_1.webp)\n\nNotably,<br> BitWise has also filed for a Solana ETF,<br> joining competitors like Canary Capital,<br> VanEck,<br> and 21Shares. This strategic move positions BitWise to capitalize on the growing interest from institutional investors in the cryptocurrency market.\n\n\n\nOn social media,<br> renowned investor Big Pey suggested that the recent price surge of Cardano (ADA) could be tied to anticipation surrounding the new ETF,<br> where ADA is expected to be the fifth-largest asset. He speculated:\n\n> Coinbase will likely join the game soon,<br> marking the beginning of the next wave of ETFs.\n\nBeyond the U.S.,<br> BitWise is expanding its footprint to Europe with a filing for an ETP based on XRP. The SEC has acknowledged the application and initiated its review,<br> although no specific timeline for a decision has been announced.\n\nAs the cryptocurrency sector gains broader acceptance\u2014especially under the administration of President Trump\u2014industry experts predict a surge in ETF approvals,<br> paving the way for new investment opportunities for both institutional and retail investors\n\n<\/div>",<br>"json_metadata":" \"tags\":[\"news\",<br>\"crypto\",<br>\"steemexclusive\",<br>\"club5050\",<br>\"nigeria\",<br>\"steemit\" ,<br>\"image\":[\"https:\/\/cdn.steemitimages.com\/DQmNhK4iBziqHccVk3oqXU1j4oWXPbBB3Vh4AbbqLbTXADK\/BitWise-Seeks-to-Launch-Multi-Asset-ETF-for-10-Cryptocurrencies_1.webp\" ,<br>\"app\":\"steemit\/0.2\",<br>\"format\":\"markdown\" " | | comment_options | "author":"tetsu26",
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