NYSE Arca has filed with the SEC to list the Bitwise 10 Crypto Index Fund, aiming to convert the $1.3 billion trust into a regulated ETP.
NYSE Arca has filed a request with the United States Securities and Exchange Commission (SEC) to list an exchange-traded product (ETP) managed by Bitwise Asset Management that holds a basket of 10 cryptocurrencies.
On Nov. 15, Bitwise announced that NYSE Arca filed a 19b-4 form to list the Bitwise 10 Crypto Index Fund (BITW) as an ETP. The fund has 10 different allocations across top cryptocurrency assets, including Bitcoin (BTC), Ether (ETH), Solana Solana (SOL), XRP (XRP), Cardano (ADA), Avalanche (AVAX), Bitcoin Cash (BCH), Chainlink (LINK), Uniswap (UNI) and Polkadot (DOT).
As of Oct. 31, 2024, the fund’s portfolio consists of 75.1% Bitcoin, 16.5% Ether, 4.3% Solana, and 1.6% XRP. The remaining assets each account for less than 1% of the fund’s holdings.
