Bitwise’s $1.25B Crypto Index ETF Begins Trading on NYSE Arca
The Bitwise 10 crypto Index ETF (BITW) has launched on NYSE Arca after SEC approval, transitioning from OTCQX to boost liquidity for its $1.25 billion fund. The world's largest crypto index fund now offers institutional-grade exposure to top digital assets through a single ticker.
Bitcoin dominates the portfolio at 74.34%, with ethereum comprising 15.55%. The remaining 10% includes carefully weighted allocations to XRP (5.17%), Solana (3.07%), and other screened cryptocurrencies like Cardano and Polkadot.
'The index approach lets investors participate without predicting winners,' said Bitwise CIO Matt Hougan. 'BITW automatically holds the most successful assets by market cap.' The fund's eight-year track record and institutional custody solutions aim to address traditional finance concerns.
This listing marks a milestone for crypto adoption in regulated markets, coming as the SEC approves more digital asset products. Trading volume will be closely watched as a barometer of institutional interest in diversified crypto exposure beyond Bitcoin ETFs.