Overview
- The exchange-traded product began trading Tuesday on NYSE Arca after SEC approval and a conversion from an index fund, launching with about $1.5 billion in assets.
- The portfolio tracks 10 coins and is the first major‑manager ETF to include Cardano, Avalanche, Sui and Polkadot, alongside bitcoin, ether, solana, XRP, chainlink and litecoin.
- BITW allocates roughly 90% to assets already available as single‑coin exchange‑traded products—bitcoin, ether, solana and XRP—with a 10% cap on the combined weight of the other tokens.
- The fund rebalances monthly, which is more frequent than the quarterly or semiannual schedules typical of many index products.
- Shares rose about 1.5% on the first trading day, launching during a recent crypto pullback that has hit smaller tokens especially hard.