TL;DR
- WisdomTree registered a fund in Delaware that will track the CoinDesk 20 Index, bringing together the market’s leading cryptocurrencies.
- The fund would include Bitcoin, Ethereum, XRP, Solana, Cardano, Chainlink, Sui, and Hedera, providing exposure to altcoins.
- The SEC approved new rules that streamline crypto fund listings in 75 days, opening the door to more filings like WisdomTree’s.
WisdomTree submitted a new registration in Delaware to launch a fund that will replicate the CoinDesk 20 Index, an indicator that tracks the leading cryptocurrencies by market relevance.
The fund aims to offer investors exposure to Bitcoin, Ethereum, and a wide range of altcoins, at a time when competition to package digital assets for mainstream investors has intensified significantly.
New Rules for Cryptocurrencies
The registration follows the SEC’s approval of new rules designed to simplify the listing process for crypto-linked funds. Under these rules, issuers could bring products to market in just 75 days, reducing time and administrative hurdles. Analysts believe the measure could trigger a wave of new filings, and Bloomberg’s Eric Balchunas described it as one of the most important regulatory changes for crypto ETFs to date.
WisdomTree Could Lead on Diversification
WisdomTree’s planned fund goes beyond Bitcoin and Ethereum, including assets such as XRP, Solana, Cardano, Chainlink, Sui, and Hedera. The composition represents a bet on offering Wall Street a multi-asset vehicle, allowing investors to diversify their capital in a single instrument while testing the market’s readiness to integrate altcoins into standard portfolio construction.
Despite the progress, some regulatory limits remain. The SEC has not yet approved a spot ETF directly tied to altcoins under the Securities Act of 1933, although products have emerged under the 1940 Act. Recent examples include REX-Osprey and Tuttle funds covering XRP and Dogecoin, which showed public demand while also highlighting the regulatory complexity issuers must navigate.
By moving early, WisdomTree could position itself ahead of competitors in a market beginning to look beyond Bitcoin. If its CoinDesk 20 Fund receives approval, it would represent a key step in consolidating digital assets within the traditional financial infrastructure
