Bitwise’s first crypto investment product, the Bitwise 10 Crypto Index ETF (BITW), has been converted from an over-the-counter closed-end trust to an exchange-traded product (ETP) trading on NYSE Arca. The fund has approximately $1.25 billion in assets and tracks an index comprised of 10 major crypto assets, selected by market capitalization and rebalanced monthly. Currently, Bitcoin accounts for about 75% and Ethereum about 15%, with the remaining components including XRP, SOL, ADA, LINK, LTC, SUI, AVAX, and DOT. (The Block)
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Bitwise’s first crypto investment product, the Bitwise 10 Crypto Index ETF (BITW), has been converted from an over-the-counter closed-end trust to an exchange-traded product (ETP) trading on NYSE Arca. The fund has approximately $1.25 billion in assets and tracks an index comprised of 10 major crypto assets, selected by market capitalization and rebalanced monthly. Currently, Bitcoin accounts for about 75% and Ethereum about 15%, with the remaining components including XRP, SOL, ADA, LINK, LTC, SUI, AVAX, and DOT. (The Block)