Bitwise Asset Management has filed with the SEC to convert its Bitwise 10 Crypto Index Fund into an exchange-traded fund (ETF). This filing includes a diversified portfolio of ten major cryptocurrencies: XRP, Bitcoin (BTC), Solana (SOL), Cardano (ADA), Uniswap (UNI), Polkadot (DOT), Chainlink (LINK), Ethereum (ETH), Avalanche (AVAX), and Bitcoin Cash (BCH). The ETF is heavily weighted toward Bitcoin, which constitutes 75.14% of the portfolio, followed by Ethereum at 16.42%. This move comes amid a competitive landscape as various crypto asset managers are actively seeking to launch new exchange-traded products. Additionally, WisdomTree has also entered the XRP ETF market in Delaware, indicating a growing interest in cryptocurrency investment vehicles.