Yes, crypto index funds exist, though your options depend on whether you qualify as an accredited investor or want something available through a standard brokerage account. The landscape is evolving quickly, with the SEC recently moving to approve exchange-traded products that hold multiple cryptocurrencies. Here’s what’s currently available and how each option works.
The Bitwise 10 Crypto Index Fund
The most established crypto index fund in the U.S. is the Bitwise 10 Crypto Index Fund, which tracks the 10 largest cryptocurrencies by market capitalization. As of April 2026, the fund’s holdings break down roughly as follows: Bitcoin at 77.6%, Ethereum at 14.0%, XRP at 4.4%, Solana at 2.4%, and smaller allocations to Cardano, Chainlink, Litecoin, Avalanche, Sui, and Polkadot. The fund rebalances periodically, so these weights shift as the market moves.
The expense ratio is 2.5% for investor shares and 2.0% for institutional shares, with a 50-basis-point fee reduction on investments over $1 million. That’s significantly higher than what you’d pay for a traditional stock index fund (where expense ratios of 0.03% to 0.20% are common), but it reflects the added complexity of securely holding multiple crypto assets.
Bitwise also offers this fund as a private placement, which means access requires meeting the SEC’s accredited investor criteria. To qualify as an accredited investor, you need a net worth above $1 million (excluding your primary residence) or annual income exceeding $200,000 individually ($300,000 with a spouse or partner) for the past two years with the expectation of earning the same this year. Holders of certain professional licenses, like the Series 7, Series 65, or Series 82, also qualify.
Multi-Token ETFs on Public Exchanges
For everyday investors who don’t meet accredited investor thresholds, the picture is improving. The SEC has voted to approve exchange applications to list ETPs (exchange-traded products) holding both spot Bitcoin and spot Ethereum. These aren’t full index funds covering dozens of tokens, but they represent the first step toward multi-asset crypto products on public exchanges that anyone with a brokerage account can buy.
The SEC has also issued scheduling orders soliciting public comment on proposals to list two large-cap crypto ETPs. These products would function more like a traditional index fund, holding a basket of major cryptocurrencies weighted by market cap. If approved, they would trade on national securities exchanges just like stock ETFs, with no accredited investor requirement and no minimum investment beyond the price of a single share.
The regulatory direction is clearly toward broader access, but the timeline for final approval on these larger basket products isn’t set in stone. Single-asset Bitcoin and Ethereum ETFs already trade freely, so a combined product is the logical next offering.
European and Canadian Options
Investors outside the U.S. have had access to diversified crypto ETPs for longer. European exchanges list crypto ETPs across four categories: Bitcoin exposure, Ethereum exposure, alternative single-token products, and diversified basket products that hold multiple cryptocurrencies. The basket products are what most closely resemble a crypto index fund. That said, even in Europe, most of the money remains concentrated in single-asset Bitcoin products. If you have access to a European brokerage, basket ETPs are worth exploring, though you should compare their expense ratios and the specific tokens they hold.
Crypto Industry Stock ETFs
If you want broad crypto exposure without directly holding any tokens, several ETFs invest in publicly traded companies tied to the crypto ecosystem, including miners, exchanges, and digital payment firms. These trade on U.S. stock exchanges and are available through any standard brokerage account:
- BITQ (Bitwise Crypto Industry Innovators ETF): Tracks companies with significant crypto-related revenue
- FDIG (Fidelity Crypto Industry and Digital Payments ETF): Focuses on crypto infrastructure and digital payments companies
- WGMI (CoinShares Bitcoin Mining ETF): Concentrates on Bitcoin mining operations
- SATO (Invesco Alerian Galaxy Crypto Economy ETF): Covers a range of crypto economy businesses
- CRPT (First Trust SkyBridge Crypto Industry & Digital Economy ETF): Broader digital economy exposure
These ETFs don’t move in lockstep with crypto prices. A mining company’s stock, for example, depends on its operating costs, management decisions, and energy prices in addition to Bitcoin’s price. But they offer a way to gain exposure to the crypto sector’s growth without navigating token custody or crypto-specific tax reporting.
DIY Indexing on Crypto Exchanges
Some investors build their own index by buying the top 5 or 10 cryptocurrencies by market capitalization and rebalancing quarterly. Platforms like Coinbase and Kraken let you buy fractional amounts, so you can replicate something close to a market-cap-weighted index with a few hundred dollars. The tradeoff is that you handle rebalancing yourself, you’re responsible for tracking cost basis on each token for taxes, and you pay trading fees on every rebalance. For smaller portfolios, the simplicity of a single fund or ETF usually outweighs the fee savings of doing it yourself.
How to Choose
Your best option depends on your situation. If you meet accredited investor requirements and want true index-style exposure across multiple tokens, the Bitwise 10 Crypto Index Fund is the most direct route, despite its higher fees. If you want something simpler and cheaper through a regular brokerage, a combination of the spot Bitcoin and spot Ethereum ETFs already trading on U.S. exchanges gets you exposure to roughly 90% of the crypto market by capitalization. For pure equity exposure to the crypto industry without holding tokens directly, the stock-based ETFs listed above are the easiest path. Keep an eye on SEC approvals for broader multi-token ETPs, which could offer the best of both worlds: true index diversification with the accessibility of a standard brokerage account.