SEC approves Bitwise crypto index ETF with BTC, ETH, XRP, and Solana

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SEC has agreed to convert the Crypto BitWise 10 index to ETF.
The new ETF will provide ten main encryption origins: Bitcoin, Ethereum, XRP, Solana, Cardano, SUI, ChainLink, Avalanche, Litecoin and Polkadot.

The US Securities and Stock Exchange Committee approved the BitWise request to convert the ten coding index fund to the fully traded investment funds, allowing investors to be exposed to a variety of digital assets including Bitcoin, ETHEREUM, XRP and Solana.

According to presentationETF will also include Cardano, SUI, Chainlink, Avalanche, Litecoin and Polkadot. This step is one of the broadest ETF coding approvals in the American market so far and indicates an increased regulatory transformation towards adopting encryption investment products.

BitWise currently runs about $ 5.79 billion of assets through 12 encryption boxes. The main spot Bitcoin etf He owns about $ 4.79 billion, and Etherum etf He adds $ 431 million in net assets.

With Washington’s temperature rises to encryption, industry observers expect a wave of new ETF approvals. Bloomberg analyst ETF James Sevart He said In June, he is now 95 % approval on the XRP, Litecoin and Solana investment funds. He added that Cardano, Polkadot, HBAR, Avalanche and even Dogecoin have a 90 % probability for approval in the coming months.