WisdomTree Files for CoinDesk 20 ETF, Broadening Crypto Exposure in Wall Street

Published: November 7, 2025|Last updated: November 7, 2025

Institutions continue to double down on cryptocurrency exposure demand.

Today, a report by ETF analyst Nate Geraci confirmed that WisdomTree has filed for a new crypto exchange-traded fund (ETF), and this time, the company is looking to offer a comprehensive lens on the sector’s most liquid tokens.

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The fund will track the CoinDesk 20 Index, a multi-crypto benchmark that tracks the most liquid and traded cryptocurrencies in the market. Unlike ETF products that track a single asset like Bitcoin, Ethereum, or Solana -- the new proposed financial product will offer exposure to crypto assets as a whole -- ultimately serving as a gauge for widespread investor optimism in the crypto market.

The filing comes at a time when investors' appetite for crypto ETFs continues to grow. Even during the recent shaky periods of the market, Solana-based exchange-traded funds continue to report inflows.

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What is the CoinDesk 20 Index

The CoinDesk 20 Index is a benchmark that tracks the performance of the top 20 cryptocurrencies by market cap that are eligible for inclusion. It excludes illiquid or obscure tokens, focusing instead on assets with deep trading markets and reliable pricing data.

Arguably, having a CoinDesk 20 index ETF live on Wall Street signals even greater institutional acceptance of cryptocurrencies than standalone Bitcoin ETFs. It also signals that there is a demand in traditional finance for cryptocurrency exposure, not only by a single token, but by the broader cryptocurrency market as a whole.

The move also highlights CoinDesk’s ambition to become a benchmark provider in the same way that S&P Global or MSCI dominate equity indexing. The benchmark from the most prestigious crypto media corporation is already popular in the market, but moving this prestige to Wall Street signals a turning point in how digital assets are perceived by mainstream finance.

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