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1h ago

SEC Clears Bitwise’s 10-Asset Crypto Index to Trade as NYSE Arca ETP

The uplisting delivers rules-based, index-style crypto exposure in a regulated format suitable for advisors, retirement accounts, institutions.

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Bitwise 10 crypto index fund secures sec nod to trade as nyse arca etp
Sec approves u.s.’ second crypto index etp with bitwise’s bitw
Bitwise lifts crypto index etf to nyse arca with btc, eth, xrp holdings

Overview

  • BITW began trading Tuesday on NYSE Arca after SEC approval, becoming the second U.S.-listed multi-asset crypto index ETP after Grayscale’s fund.
  • The fund’s assets at launch were reported as $1.25 billion by several outlets, with CNBC citing $1.5 billion, highlighting a discrepancy in AUM figures.
  • BITW holds ten cryptocurrencies: Bitcoin, ether, XRP, Solana, Chainlink, Litecoin, Cardano, Avalanche, Sui and Polkadot.
  • The product limits concentration by allocating 90% to assets with existing single-coin ETPs (Bitcoin, ether, Solana, XRP) and capping all other tokens at a combined 10%.
  • The index rebalances monthly using market-cap and liquidity screens, and the shift from OTC to a regulated exchange expands access for advisors, retirement platforms and institutions.