**Crypto News Flash: NYSE Arca Seeks SEC Approval for Bitwise Crypto ETF**

NYSE Arca has filed with the SEC to list the Bitwise 10 Crypto Index Fund as an exchange-traded product (ETP). Managed by Bitwise Asset Management, this fund includes a diverse mix of 10 cryptocurrencies, such as Bitcoin, Ether, and Solana.

Bitwise CEO Hunter Horsley emphasized the efficiency of ETPs for crypto exposure, highlighting benefits like regulatory protections and shareholder efficiency. The filing is part of Bitwise's strategy to convert its $1.3 billion trust into an ETP structure, following a similar move with a Grayscale fund.