- Bitwise’s 10-asset crypto fund converts to an ETF on NYSE Arca with $1.25B in assets.
- The ETF uses a rules-based index with monthly rebalancing and heavy BTC and ETH weighting.
- BITW allocates 90% to single-coin ETPs as institutions show rising interest in regulated crypto.
BitwiseInvest’s 10 Crypto Index Fund is now live on NYSE Arca as an ETF after clearing the SEC review, and it gives investors exposure to Bitcoin, Ethereum, XRP, Solana, Cardano, Chainlink, Litecoin, Sui, Avalanche, and Polkadot. The launch completes the fund’s shift from an index product to a fully traded exchange-listed vehicle.
Bitwise Finalizes ETF Transition With Rules-Based Structure
Bitwise confirmed that the conversion to an ETF marks the end of a process that lasted several years, as the company had waited for final approval. The ETF begins trading with $1.25 billion in assets under management, and the firm noted that this makes it the largest crypto index product now available on an exchange.
The company said the fund uses a rules-based index that ranks assets by market value. The index also screens tokens by risk and liquidity so the basket stays tied to the most valuable and active assets. It is rebalanced each month, and Bitwise publishes all index updates so investors can track each change.
Bitcoin currently has the largest weight at 74.34%, and Ethereum follows at 15.55%. XRP and Solana have smaller weights, and the rest of the basket includes Cardano, Chainlink, Litecoin, Sui, Avalanche, and Polkadot. Matt Hougan, CIO of Bitwise, said this method “lets people invest without guessing which coins may rise next.”
ETF Structure Uses Single-Coin ETPs and Long-Term Growth Plan
The updated structure allocates 90% of its crypto exposure to existing single-coin ETPs for Bitcoin, Ether, Solana, and XRP. The remaining 10% covers assets that are not part of those ETPs, although this group can expand when new assets gain the same regulatory approval. This approach reduces the need for investors to manage several separate funds.
Hunter Horsley, CEO of Bitwise, said the launch is “a watershed moment for crypto as an asset class,” and he added that index investing through BITW may become a common entry point for many investors. The company expects broader access as more institutions show interest in regulated index products.
Bitwise also completed new service agreements for trading, custody, financing, marketing, and administration. These agreements support the ETF’s operations while the fund continues to adjust its holdings each month according to the index rules.
