- Bitwise uplists its $1.25 billion crypto fund.
- NYSE Arca now hosts the Bitwise crypto fund.
- 90% allocation to top assets like Bitcoin.
Bitwise Asset Management uplists its $1.25 billion Bitwise 10 Crypto Index Fund (BITW) to NYSE Arca, offering exposure to top cryptocurrencies including Bitcoin, Ethereum, Solana, and XRP.
This uplisting enhances accessibility to diversified crypto investment via a major exchange, aligning fund assets with regulatory-approved ETPs and potentially influencing crypto market dynamics.
The Bitwise 10 Crypto Index Fund has been uplisted to NYSE Arca as an exchange-traded product, expanding access to an established $1.25 billion fund. This fund includes a diverse array of the largest crypto assets.
Bitwise Asset Management manages the fund, with Matt Hougan as CIO. The index tracks the ten largest crypto assets by market cap, reflecting Bitwise’s commitment to broad market exposure.
NYSA Arca Uplisting
Uplisting the fund to NYSE Arca enhances visibility and potentially broadens its investor base. This move could attract institutional interest, given the fund’s diversified exposure to top crypto assets.
Fund Allocation
The fund’s allocation focuses on assets already in single-coin ETPs, such as Bitcoin, Ethereum, Solana, and XRP, strengthening the link between regulatory clarity and asset choice in its portfolio.
Most investors we meet are convinced crypto is here to stay, but they don’t know who the winners will be or how many will succeed.Matt Hougan, Chief Investment Officer, Bitwise Asset Management
Restrictions tie 90% of the fund to regulatory-approved assets. This design underlines the importance of a regulatory framework in crypto asset management.
Fund History
The fund’s history since its start in 2017 reflects stability through market cycles, benefitting from Bitwise’s experience and consistent methodology. This uplisting is a strategic pivot, aiming to leverage regulatory clarity and market maturation.
