SEC Approves U.S.’ Second Crypto Index ETP with Bitwise’s BITW

Policy Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email SEC Approves U.S.’ Second Crypto Index ETP with Bitwise’s BITW The Bitwise 10 Crypto Index Fund now trades on NYSE Arca, joining the ranks of gold and oil funds in regulated exchange products. By Olivier Acuna | Edited by Nikhilesh De Updated Dec 9, 2025, 5:20 p.m. Published Dec 9, 2025, 5:20 p.m. What to know : The Bitwise 10 Crypto Index Fund (BITW) has received SEC approval to trade as an exchange-traded product on NYSE Arca. BITW offers diversified exposure to the 10 largest cryptocurrencies, including Bitcoin and Ether, and is rebalanced monthly. This approval marks a significant milestone for crypto indices, potentially attracting more institutional investment. Bitwise’s crypto fund has just become the second crypto index to begin trading, letting individual traders and institutions access to multiple cryptocurrencies in a single investment vehicle. . The Bitwise 10 Crypto Index Fund (BITW), a $1.25 billion vehicle tracking the 10 largest digital assets, received the U.S. Securities and Exchange Commission (SEC)’s approval to begin trading Tuesday on NYSE Arca as an exchange-traded product (ETP). STORY CONTINUES BELOW Don't miss another story. Subscribe to the State of Crypto Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . It is the second U.S.-listed multi-asset crypto index fund to be approved as a full ETP, following Grayscale’s ETP approval in July, moving beyond over-the-counter trading into a regulated exchange listing. The fund, originally launched in 2020, offers diversified exposure to Bitcoin BTC $ 94,184.97 , Ether ETH $ 3,386.57 , Solana SOL $ 144.75 , XRP and other top cryptocurrencies, rebalanced monthly based on market capitalization and liquidity filters. "This is a watershed moment for crypto as an asset class. With BITW uplisting as an ETP today, crypto finally has a NYSE-traded index fund," said Hunter Horsley, CEO of Bitwise. As a regulated ETP, BITW now joins the same structure used by gold, oil and commodity funds, a milestone that could bring more institutional capital into crypto indices, and potentially ease operational risks for traditional allocators wary of direct token exposure. “BITW’s transition to NYSE Arca is a breakthrough moment,” said Bitwise Chief Investment Officer Matt Hougan in the company’s release. “It lets people invest in the thesis without having to predict the future, knowing that BITW will own the largest, most successful assets in the space.” The SEC’s approval followed a delayed review earlier this year. Final sign-off came after NYSE Arca’s proposed rule change to allow listing the product was certified effective on Dec. 4, 2024, according to the regulatory body’s approval document. Bitwise Asset Management Bitwise NYSE Arca cryptocurrency ETP More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. 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