Bitwise Launches Game-Changing ETF: Get Broad Crypto Exposure with BTC, XRP, and ADA in One Click

Forget picking winners—Bitwise just dropped the ultimate crypto basket.

The ETF Arms Race Heats Up

Wall Street's crypto obsession hits a new peak as Bitwise unveils its latest weapon: an exchange-traded fund designed to give investors blanket exposure to the digital asset universe. This isn't just another Bitcoin fund. It's a diversified play, bundling giants like Bitcoin (BTC) alongside major altcoins including XRP and Cardano (ADA) into a single, tradable ticker.

One Ticket, Multiple Rides

The strategy is pure convenience. Instead of managing multiple wallets and exchanges, investors can now buy a share and get a slice of the broader crypto market's action. It's built for the believer who thinks the entire ecosystem will rise—not just one coin. The fund's structure aims to capture the growth of the sector, hedging against the volatility of any single asset. Think of it as a bet on crypto's infrastructure, not just its poster child.

The Institutional Green Light

This move screams legitimacy. A major player packaging these assets into an SEC-filed product signals a seismic shift. It tells traditional finance that crypto is maturing from a speculative fringe into a structured asset class. It also, perhaps cynically, creates a nice new fee stream for managers—because why simply hold assets when you can wrap them in a fund and charge for the privilege?

The Bottom Line: Mainstream or Bust

Bitwise isn't just selling an ETF; it's selling a narrative. The narrative that crypto is too big to ignore and too complex for the average person to navigate alone. This product bridges that gap, for better or worse. It offers simplicity but demands trust in the curator's choices. As the lines between decentralized ethos and traditional finance blur, one thing is clear: the race to own the crypto investor's portfolio is on, and the finish line is every brokerage account in America.

Bitwise ETF Launches With Over $1 Billion In Assets

“This development significantly broadens the audience that can access these various assets, particularly for those digital currencies that lack a spot ETF,” Horsley explained on Monday. 

The fund is tailored for both financial advisors and smaller investors looking to utilize funds from individual retirement accounts (IRAs) or other retirement savings, where ETFs serve as the main investment option.

BITW represents a conversion from a prior index fund that encompassed the same digital currencies and has launched with over $1 billion in assets. 

The approval of Bitcoin and ethereum ETFs back in January 2024 has led asset managers to compete for the chance to introduce ETFs that track a broader range of digital assets, including altcoins like Sui and Aptos, as well as memecoins such as TRUMP and Dogecoin (DOGE). 

However, these investment vehicles experienced major withdrawals in October and November, particularly for Bitcoin- and Ethereum-focused ETFs. These withdrawals reached record levels amid a broader sense of caution due to falling crypto prices. 

“The timing is ideal for many investors who have been paying attention since the Bitcoin ETF launch and are now looking for a more comprehensive way to allocate to digital assets without the need to select individual assets,” Horsley noted.

BITW Allocates 90% To Major Cryptos 

It’s important to emphasize that while BITW offers exposure to smaller cryptocurrencies in terms of market capitalization, its allocation to these assets is proportionately limited. 

Specifically, the ETF dedicates 90% of its holdings to Bitcoin, Ethereum, Solana, and XRP, with the remaining 10% allocated to the other tokens in the fund. 

The fund will undergo monthly rebalancing, a more frequent schedule compared to many exchange-traded funds in the market that typically rebalance quarterly or semi-annually. 

Bitwise further expressed its commitment to expanding access to cryptocurrency opportunities, stating in a social media post: 

At Bitwise, we’ve been working tirelessly since 2017 to expand access to the opportunities in crypto. Countless investors have requested an index ETP, and we’re thrilled that NOW, with BITW’s listing on NYSE, you have that option. We believe 2025 is a breakout year for this space, and we are more optimistic than ever about the opportunities ahead.

As of this writing, Ethereum is the best-performing asset in Bitwise’s new fund. It is trading at $3,323 and has recorded gains of up to 6% in the past 24 hours as it approaches key resistance levels. 

Featured image from DALL-E, chart from TradingView.com