Crypto asset manager Bitwise Asset Management today announced that its crypto index fund, the Bitwise 10 Crypto Index ETF (BITW), will be upgraded to the New York Stock Exchange Arca Market as an exchange-traded product. Originally launched in 2017, BITW is the first cryptocurrency index fund designed to track the Bitwise 10 broad cryptocurrency index and provide investors with a broad and diverse range of cryptocurrency market investment opportunities. The fund holds the 10 largest cryptoassets by market capitalization and conducts active screening and monthly rebalancing.
Under its new ETP structure, BITW will allocate 90% of its holdings to crypto assets held by existing single-token ETPs - which currently include Bitcoin, Ethereum, Solana, and Ripple - and limit the total position weight of all other crypto assets to 10%. If other crypto assets receive the same regulatory approval as BTC, ETH, SOL, and XRP, BITW will be able to include them in the 90% position category.
Bitwise's cryptocurrency index fund BITW will trade on the New York Stock Exchange Arca market
2025-12-09 14:16:03
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