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<a href="https://www.blockhead.co/tag/bitwise/" rel="noopener noreferrer nofollow">Bitwise</a> has filed an application with the U.S. Securities and Exchange Commission (<a href="https://www.blockhead.co/tag/sec/" rel="noopener noreferrer nofollow">SEC</a>) to create an exchange-traded fund (ETF) based on its 10 Crypto Index Fund.<a href="https://www.blockhead.co/tag/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>, <a href="https://www.blockhead.co/tag/ethereum" rel="noopener noreferrer nofollow">Ethereum</a>, <a href="https://www.blockhead.co/tag/solana" rel="noopener noreferrer nofollow">Solana</a>, <a href="https://www.blockhead.co/tag/xrp" rel="noopener noreferrer nofollow">XRP</a>, <a href="https://www.blockhead.co/tag/cardano" rel="noopener noreferrer nofollow">Cardano</a>, <a href="https://www.blockhead.co/tag/avalanche" rel="noopener noreferrer nofollow">Avalanche</a>, <a href="https://www.blockhead.co/tag/chainlink" rel="noopener noreferrer nofollow">Chainlink</a>, Bitcoin Cash, <a href="https://www.blockhead.co/tag/polkadot" rel="noopener noreferrer nofollow">Polkadot</a>, and <a href="https://www.blockhead.co/tag/uniswap" rel="noopener noreferrer nofollow">Uniswap</a> are all represented in the fund, making it the most diversified and extensive crypto ETF in the US.<img src="https://beincrypto.com/wp-content/uploads/2024/11/image-208.png" />All Assets Under the BitWise Crypto Index ETF. Source: <a href="https://www.sec.gov/files/rules/sro/nysearca/2024/34-101775.pdf?ref&#61;blockhead.co" rel="noopener noreferrer nofollow">SEC</a>The index&#39;s value is tied to the performance of the ten largest cryptocurrencies by market capitalization and has been maintained by Bitwise since 2018.Meanwhile, Ripple has backed Bitwise&#39;s Physical XRP ETP (GXRP), previously called the European XRP ETP, which provides European investors with direct exposure to XRP.&#34;With the U.S. regulatory environment for crypto finally becoming more clear, this trend is poised to accelerate, further driving demand for crypto ETPs, such as the Bitwise Physical <a href="https://decrypt.co/price/xrp?ref&#61;blockhead.co" rel="noopener noreferrer nofollow">XRP</a> ETP,&#34; Ripple CEO Brad Garlinghouse said in a <a href="https://www.globenewswire.com/news-release/2024/11/27/2987978/0/en/Bitwise-Rebrands-XRP-ETP-Ripple-To-Invest-in-Product.html?ref&#61;blockhead.co" rel="noopener noreferrer nofollow">press release</a>.&#34;As one of the most valuable, liquid, and utility-driven digital assets, XRP is at the forefront of this momentum, standing out as a cornerstone for those seeking access to assets that are resilient and have real-world utility.&#34;Originally launched in 2022, the ETP operates under a BaFin-approved prospectus, Germany’s financial regulatory framework.Bitwise also recently joined the <a href="https://www.blockhead.co/tag/solana/" rel="noopener noreferrer nofollow">Solana ETF</a> race by submitting its regulatory filings for the product, following in the footsteps of <a href="https://www.blockhead.co/tag/vaneck" rel="noopener noreferrer nofollow">VanEck</a> and 21Shares, which filed theirs in June.Cboe BZX Exchange has now submitted four 19b-4 filings, which are formal submissions that propose rule changes to the SEC by self-regulatory organizations such as stock exchanges.The company has already made a mark in the ETF space with its Bitcoin ETF (BITB), as one of the first ten applicants to seek SEC approval for a cryptocurrency-based ETF.Earlier this week, <a href="https://www.blockhead.co/tag/wisdomtree/" rel="noopener noreferrer nofollow">WisdomTree</a> registered an <a href="https://www.blockhead.co/tag/xrp/" rel="noopener noreferrer nofollow">XRP ETF</a> in Delaware, reflecting the increasing appetite for digital asset investment vehicles. The move suggests the company is preparing to file an S-1 registration with the US Securities and Exchange Commission (<a href="https://www.blockhead.co/tag/sec/" rel="noopener noreferrer nofollow">SEC</a>) to launch an XRP-focused ETF.WisdomTree follows the likes of Bitwise and Canary Capital, which have also sought SEC approval for spot XRP ETFs.Additionally, <a href="https://www.blockhead.co/tag/21shares/" rel="noopener noreferrer nofollow">21Shares</a> has announced the launch of new exchange-traded products (ETPs) for four digital asset tokens.Oracle provider Pyth, decentralized graphics processing protocol Render, RWA platform <a href="https://www.blockhead.co/tag/ondo-finance/" rel="noopener noreferrer nofollow">Ondo Finance</a>, and layer-1 blockchain <a href="https://www.blockhead.co/tag/near/" rel="noopener noreferrer nofollow">Near Protocol</a> will each have their own ETPs through 21Shares known as:<ul><li>21Shares NEAR Protocol Staking ETP</li><li>21Shares Ondon ETP</li><li>21Shares Pyth Network ETP</li><li>21Shares Render ETP</li></ul><a href="https://www.blockhead.co/2024/11/28/bitwise-files-for-10-crypto-index-etfs-gets-investment-from-ripple-for-xrp-etf-2/#/portal/signup/free" rel="noopener noreferrer nofollow">Join Blockhead today for FREE and stay in the loop on digital assets!</a>

Bitwise Files For 10 Crypto Index ETFs, Gets Investment From Ripple for XRP ETF

Bitwise Files For 10 Crypto Index ETFs, Gets Investment From Ripple for XRP ETF

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