Share this article
Investment Startup Bitwise Proposes ETF for Top 10 Cryptos
Crypto investment startup Bitwise announced it filed to offer a cryptocurrency exchange-traded fund (ETF) Tuesday.
By Nikhilesh De
Updated Sep 13, 2021, 8:12 a.m. Published Jul 24, 2018, 6:01 p.m.
Make us preferred on Google
Crypto investment startup Bitwise is seeking regulators' permission to offer an exchange-traded fund (ETF) tied to the top 10 cryptocurrencies.
The Bitwise HOLD 10 Cryptocurrency Index Fund ETF would track the returns on the startup's HOLD 10 Index. That index is the basis for a passive investment fund which itself invests in the top 10 cryptocurrencies by market capitalization. This fund "captures approximately 80 [percent] of the total market capitalization of the cryptocurrency market," the company said Tuesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
According to a press release, the ETF proposal addresses issues surrounding supply, liquidity, trade volume and custody, which are areas the SEC has expressed concern about in the past.
The proposal, filed with the SEC, differs from other ETF applications under the agency's review in that it lists multiple cryptocurrencies as part of the fund, and not just bitcoin.
The news comes just hours after the regulator announced it was postponing a decision on five other proposed ETFs. Those funds were proposed by Direxion Investments, which has withdrawn similar proposals in the past at the SEC's direction.
At the same time, there is an effort to encourage the SEC to approve another ETF proposal, offered by VanEck and SolidX. The SEC is taking comments on this proposal, and may offer a decision as soon as next month if it does not choose to delay it as well.
Cryptocurrencies' chart image via Worawee Meepian / Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Fed rates decision, Tesla earnings, Bybit roadmap: Crypto Week Ahead
Your look at what's coming in the week starting Jan. 26.
What to know:
You are reading Crypto Week Ahead: a comprehensive list of what's coming up in the world of cryptocurrencies and blockchain in the coming days, as well as the major macroeconomic events that will influence digital asset markets. For an updated daily email reminder of what's expected, click here to sign up for Crypto Daybook Americas. You won't want to start your day without it.
Top Stories
