$AVAX Secures a Spot in Bitwise’s 1.25B Dollar Multi-Asset Crypto ETF
@BitwiseInvest has completed the conversion of its Bitwise 10 Crypto Index Trust into an ETF, now trading on NYSE Arca under the ticker BITW. The updated index confirms @avax ( $AVAX ) as a constituent with an initial allocation of roughly 0.24%.
Fund Snapshot at Launch
• AUM: about $1.25B
• Major weights: Bitcoin, Ethereum, XRP, Solana
• $AVAX included within the smaller cap tier of the index
• Market-cap–weighted structure with monthly rebalancing
Why $AVAX’s Inclusion Matters
• Offers regulated ETF exposure to AVAX within a diversified crypto basket
• Indicates that AVAX consistently meets liquidity, market-cap, and compliance criteria
• Places Avalanche alongside networks that already receive significant institutional attention
—> For investors, this provides a simpler, regulated route to gain exposure to AVAX without direct token custody
Broader Market Context
• The conversion arrives amid rising interest in altcoin-focused ETFs in the U.S.
• Bitwise has additionally filed for an AVAX-specific product, signaling deepening institutional interest
—> Taken together, these developments expand the range of regulated options available to investors seeking diversified or single-asset crypto exposure
What to Watch Next
• $AVAX’s weight in the index will shift based on market-cap movements during monthly rebalances
• Liquidity strength will remain a key determinant of continued eligibility
—> For now, its inclusion in BITW underscores $AVAX’s position as one of the more established and investable assets in the market
