CandleFocus Bitwise files to convert its 10 Crypto Index Fund into an ETP
2024-11-15
Author: Content Editor
Bitwise Asset Management has announced that NYSE Arca has filed to list the Bitwise 10 Crypto Index Fund (BITW) as an exchange-traded product. The conversion to an ETP structure will provide benefits such as improved efficiency, regulatory protection, and an arbitrage mechanism. BITW is the first crypto index fund and tracks the 10 largest crypto assets by market capitalization. The fund currently trades on the OTCQX Best Market and holds Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Bitcoin Cash, Chainlink, Uniswap, and Polkadot.
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