PANews reported on November 28 that, according to Beincrypto, BitWise has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch an ETF based on its index of 10 cryptocurrencies. If approved, this would become the most diverse and comprehensive cryptocurrency ETF in the U.S. market.
According to the documents, the fund includes Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Chainlink, Bitcoin Cash, Polkadot, and Uniswap. BitWise has maintained this initial fund since 2018, associating its value with the ten most valuable cryptocurrencies.
The SEC has officially confirmed receipt of the application, marking the start of the committee's countdown to decide whether to reject or approve the application. However, the approval deadline for this application has not yet been determined.
