SEC Approves Bitwise 10 ETF As XRP Demand Surges

The U.S. SEC has approved NYSE Arca to list the Bitwise 10 Crypto Index ETF, a regulated fund tracking the ten largest digital assets.

The approval follows rising demand for diversified crypto products after this month’s strong debut of Canary Capital’s XRP ETF, which recorded $250 million in first-day inflows.

The Bitwise fund must keep at least 85% of its holdings in assets already approved for exchange-traded products.

With XRP interest accelerating and broader oversight now in place, analysts expect more index-style crypto ETFs to follow.

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