Deep Tide TechFlow News, on November 28, according to Beincrypto, BitWise has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch an ETF based on its 10 cryptocurrency index funds. If approved, this would become the most diverse and widely covered cryptocurrency ETF in the U.S. market.
According to the document, the fund includes Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Chainlink, Bitcoin Cash, Polkadot, and Uniswap. BitWise has maintained this initial fund since 2018 and has linked its value to 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 deadline for approval of the application has yet to be determined.
