Bitwise Files for 10 Crypto Index Fund ETF with SEC Approval

Explore Bitwise’s 10 Crypto Index Fund ETF and Its Crypto Allocations
Bitwise Submits Application for 10 Crypto Index Fund ETF to the SEC
Digital asset manager Bitwise Asset Management has taken another significant step in the cryptocurrency investment space. On November 27, the firm submitted an application to the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) based on its 10 Crypto Index Fund (BITW). The ETF aims to provide investors indirect exposure to a diverse portfolio of leading cryptocurrencies.

Background on the Bitwise 10 Crypto Index Fund
Launched in November 2017, the Bitwise 10 Crypto Index Fund is one of the firm's flagship products. The fund is heavily weighted towards Bitcoin and Ether, which together account for over 91% of the fund's composition. As of now, the allocations stand at 75.14% Bitcoin and 16.42% Ether, with the remaining 8.44% diversified across cryptocurrencies like Solana (SOL), Ripple’s XRP, Avalanche (AVAX), Chainlink (LINK), Cardano (ADA), Bitcoin Cash (BCH), Uniswap (UNI), and Polkadot (DOT).

The fund currently manages $1.4 billion in assets under management (AUM), based on recent market data.

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