Back

SEC Approves Bitwise BITW as Second U.S. Crypto Asset Index ETP

Bitwise’s $1.25B crypto index fund begins trading on NYSE Arca, offering regulated market-cap weighted exposure led by Bitcoin and Ether through a monthly rebalanced ETP.

BTC

Summary

Bitwise launched its Bitwise 10 Crypto Index ETF (BITW) today on NYSE Arca following SEC approval, marking its debut as a regulated exchange-traded product. BITW manages $1.25 billion and currently holds 74.34% Bitcoin, 15.55% Ether, and other top cryptocurrencies. The portfolio is rebalanced monthly to maintain market-cap weighted exposure across the 10 largest digital assets. This move transitions BITW from over-the-counter trading to a regulated listing, expanding investor access to diversified crypto exposure.

Terms & Concepts
  • Exchange-Traded Product (ETP): A publicly traded investment vehicle that tracks an underlying security, index, or commodity.
  • Crypto Asset Index: An index representing the performance of a basket of cryptocurrencies or blockchain-based assets.
  • Bitwise 10 Crypto Index Fund (BITW): A $1.25B fund tracking the 10 largest cryptocurrencies, rebalanced monthly, now trading as an ETP on NYSE Arca.