The $1.25 billion fund seeks to offer diversified exposure to 10 top crypto assets, including BTC, ETH, SOL, XRP, and more.
Bitwise Asset Management, the global crypto asset manager with over $15B in client assets, today announced that the world’s largest and longest-running crypto index fund, the Bitwise 10 Crypto Index ETF (BITW), will uplist to NYSE Arca as an exchange-traded product.
Initially launched in 2017 as the first crypto index fund, BITW offers investors broad, diversified exposure to the crypto market by seeking to track the Bitwise 10 Large Cap Crypto Index. The fund holds the 10 largest crypto assets by market capitalization, with active screening and monthly rebalancing.
The Bitwise 10 Crypto Index ETF (BITW or the “Fund”) is not an investment company registered under the Investment Company Act of 1940 (the 1940 Act”) and therefore is not subject to the same protections as mutual funds or ETFs registered under the 1940 Act. BITW is not suitable for all investors. BITW is subject to significant risk and heightened volatility, and an investor may lose their entire investment. An investment in BITW is not a direct investment in any crypto asset.
“Most investors we meet are convinced crypto is here to stay, but they don’t know who the winners will be or how many will succeed,” said Matt Hougan, CIO of Bitwise. “The index approach is a way for people to invest in the thesis without having to predict the future, knowing that BITW will own the largest, most successful assets in the space (by market capitalization), whatever they happen to be. BITW now gives investors broad-based exposure to crypto with the benefit of Bitwise’s oversight and more than eight-year track record.”
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At the fund’s uplisting, BITW held the following 10 crypto assets:
- Bitcoin (BTC): 74.34%
- Ether (ETH): 15.55%
- XRP (XRP): 5.17%
- Solana (SOL): 3.07%
- Cardano (ADA): 0.65%
- Chainlink (LINK): 0.39%
- Litecoin (LTC): 0.26%
- Avalanche (AVAX): 0.24%
- Sui (SUI): 0.24%
- Polkadot (DOT): 0.14%
“With BITW uplisting as an ETP today, the first and largest crypto index fund is finally available on NYSE,” said Hunter Horsley, CEO of Bitwise. “2025 has marked the start of crypto’s rapid adoption as a mainstream asset class. We believe index investing through BITW will become one of the most popular ways for investors to get exposure. Bitwise has an eight-year track record of providing access to this space for investors, and we’re thrilled to continue that work today.”
The Bitwise 10 Large Cap Crypto Index, on which BITW is based, benefits from the deep experience and guidance of the Bitwise Index Advisory Board, which includes Bloomberg’s former global head of indexes, Srikant Dash; Blockchain Capital general partner Spencer Bogart; and Bitwise CIO Matt Hougan. The index includes screening rules that focus on liquidity, custody, security, regulatory status, network distributions, and more to help ensure the index fully captures the investable crypto asset market opportunity. To see the index rules, visit https://bitwiseinvestments.com/indexes/methodologies/bitwise-crypto-asset-index-methodology.
Under its new ETP structure, BITW will allocate 90% of its holdings to crypto assets that are held by existing single-coin ETPs—currently Bitcoin, Ether, Solana, and XRP—and cap the total weight of all other crypto asset holdings at 10%. If other crypto assets receive the same regulatory approval as BTC, ETH, SOL, and XRP, BITW will be able to include them in the 90% category.
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