Bitwise 10 Crypto Index Fund (BITW) to Trade on NYSE Arca Market! 🚀

Bitwise Asset Management has announced that its Bitwise 10 Crypto Index ETF (BITW) will be upgraded to trade on the NYSE Arca Market as an exchange-traded product. This move significantly broadens its accessibility and market reach for investors. Launched in 2017, BITW was the first crypto index fund designed to track the Bitwise 10 large-cap cryptocurrency index. 🌐

The fund offers diversified exposure to the 10 largest crypto assets by market capitalization. It undergoes active screening and monthly rebalancing to maintain its index alignment. This structure aims to provide broad investment opportunities across the cryptocurrency market. 📊

Under the new ETP framework, BITW will allocate 90% of its holdings to crypto assets in existing single-token ETPs, which currently include Bitcoin, Ethereum, Solana, and Ripple. The total weighting of all other crypto assets will be capped at 10%. Future regulatory approvals for other assets could allow their inclusion in the 90% allocation. 📈

Information is for market updates, not investment advice.
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