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5d ago

Bitwise’s Multi-Asset Crypto Fund Starts Trading on NYSE Arca After SEC Approval

The move puts a rules-based ten-coin index into a regulated ETP wrapper to broaden professional access.

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Bitwise 10 crypto index fund secures sec nod to trade as nyse arca etp
Sec approves u.s.’ second crypto index etp with bitwise’s bitw
Bitwise 10 Crypto Index ETF

Overview

  • BITW uplisted from over-the-counter trading to NYSE Arca as a regulated exchange-traded product following SEC approval on Dec. 9.
  • The product tracks Bitcoin, ether, XRP, Solana, Chainlink, Litecoin, Cardano, Avalanche, Sui, and Polkadot using a rules-based methodology with monthly rebalancing and liquidity screens.
  • Approximately 90% of the fund is allocated to assets already supported by single-coin ETPs—BTC, ETH, SOL, and XRP—with all other tokens collectively capped at 10%.
  • Initial size was reported at about $1.25 billion in assets under management, though one outlet cited $1.5 billion at launch.
  • BITW is the second U.S.-listed multi-asset crypto index ETP after Grayscale’s offering, expanding exchange-listed options for diversified crypto exposure for advisors and institutions.