Bitwise’s 10 Crypto Index Fund was launched in November 2017, with the bulk of the index fund comprised of Bitcoin and Ether.
Digital asset manager Bitwise has submitted an application for an exchange-traded fund (ETF) based on its existing 10 Crypto Index Fund (BITW).
New York Stock Exchange (NYSE) Arca filed to list the Bitwise 10 Crypto Index Fund as an exchange-traded product (ETP) on Nov. 15.
According to the Nov. 27 filing to the SEC, the proposed Bitwise 10 Crypto Index Fund ETF will give investors indirect exposure to the underlying cryptocurrencies, the custodian will “maintain custody of the Portfolio Assets.”
Bitwise’s 10 Crypto Index Fund has a raft of different allocations, weighted heavily toward Bitcoin (BTC), but also includes Ether (ETH), Solana (SOL), Ripple’s (XRP), Avalanche (AVAX), Chainlink (LINK), Cardano (ADA), Bitcoin Cash (BCH), Uniswap (UNI) and Polkadot (DOT).
