Bitwise crypto index fund moves from over-the-counter to NYSE Arca for trading

cointelegraphPublished on 2025-12-09Last updated on 2025-12-09

Abstract

Bitwise Asset Management's 10 Crypto Index Fund (BITW) is transitioning from the over-the-counter market to NYSE Arca, marking a significant step toward mainstream adoption. The fund, which offers diversified exposure to the top 10 cryptocurrencies like Bitcoin and Ethereum, will now trade as an exchange-traded product on a major regulated securities exchange. This move is expected to reduce investment friction and provide a safer, more accessible entry point for investors hesitant about direct crypto exposure. Bitwise, an early issuer of a spot Bitcoin ETF, has seen growing institutional interest amid regulatory developments and market volatility, including recent large liquidations and subsequent inflows into crypto ETPs.

Bitwise Asset Management’s 10 Crypto Index Fund (BITW) is moving from the over-the-counter market to NYSE Arca, a shift that brings crypto exposure further into mainstream trading infrastructure.

Beginning Tuesday, BITW is officially uplisted to NYSE Arca — one of the New York Stock Exchange’s electronic markets for exchange-traded products — where it will trade as an exchange-traded product, the company announced.

Launched in 2017, BITW offers diversified exposure to the 10 largest cryptocurrencies by market capitalization, including Bitcoin (BTC), Ether (ETH), Solana (SOL) and XRP (XRP). The fund rebalances monthly to reflect changes in the broader crypto market.

Listing on NYSE Arca places a crypto-linked product on a major regulated securities exchange, the same type of venue where traditional exchange-traded funds (ETFs) trade. The move is expected to reduce friction for investors who may be hesitant to navigate crypto exchanges.

“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 Bitwise CIO Matt Hougan. “The index approach is a way for people to invest in the thesis without having to predict the future.”

Source: Matt Hougan

Bitwise was among the first issuers to receive approval for a spot Bitcoin ETF in January 2024. Its Bitwise Bitcoin ETF Trust (BITB) was one of the fastest 25 exchange-traded products to reach $1 billion in assets, hitting the milestone roughly a month after launch.

Related: Bitwise files for stablecoin, tokenization ETF with US SEC

Institutional adoption and market volatility

Institutional interest in digital assets has expanded rapidly since the approval of US spot Bitcoin ETFs in early 2024. The arrival of the more crypto-friendly Trump administration has further accelerated adoption through increased regulatory attention, new legislation and a federal mandate to support the industry’s development.

At the same time, institutional investors have been reminded of the sector’s inherent volatility, which remains elevated even as larger and more established participants enter the market.

Crypto markets saw their largest-ever liquidation event on Oct. 10, when roughly $19 billion in positions were wiped out. The resulting turbulence over the following month triggered sharp withdrawals and significant outflows from crypto exchange-traded products.

However, inflows have resumed in the last two weeks, with ETP inflows exceeding $1.7 billion over that period, according to CoinShares data.

Inflows into crypto ETPs flip positive for two consecutive weeks. Source: CoinShares


Magazine: Decade after Ethereum ICO: Blockchain forensics end double-spending debate

Related Reads

Experienced Analyst Claims 'Hidden Bearish Divergence' in Bitcoin!

Crypto analyst Rekt Capital has identified significant technical resistance for Bitcoin around the $80,000 level on the daily chart, alongside a hidden bearish divergence between the price and the Relative Strength Index (RSI). The analyst notes that Bitcoin's price returned to approximately $80,000 after declines in February and June 2026, which both saw the RSI drop to near-oversold levels. However, a key difference emerged in the current scenario compared to the May 2026 rally. While the price has again risen to around $80,000, it has formed a lower peak below the previous high. Conversely, the RSI during this same period has reached a higher peak than before. In technical analysis, this pattern—where price forms lower highs while the RSI forms higher highs—is classified as a hidden bearish divergence. It suggests the current upward momentum may be weakening and not confirmed by price action, potentially signaling a resurgence of selling pressure. Rekt Capital maintains that this negative technical outlook will persist until Bitcoin decisively breaks through the $80,000 resistance zone and establishes a new, higher price peak.

cryptonews.ru18m ago

Experienced Analyst Claims 'Hidden Bearish Divergence' in Bitcoin!

cryptonews.ru18m ago

The Peak of Bitcoin's Bull Cycle May Be Driven by Global Demand for ETFs

The peak of Bitcoin's current bull cycle may be driven by global institutional capital and demand for spot Bitcoin ETFs outside the US, according to Ki Young Ju, CEO of CryptoQuant. He suggests that while US products have opened the market to regulated participation, the next phase of growth will come from international markets like South Korea, where spot Bitcoin ETFs are not yet accessible to retail and corporate investors. Ju indicates that peak market saturation may occur when such products become widely recommended even to conservative investors globally. The adoption is extending beyond direct holdings to include tokenized real-world assets (RWA) and stablecoins, which improve liquidity and infrastructure for institutional use. Although US spot Bitcoin ETFs have seen massive inflows, Ju believes global institutionalization, deeper stablecoin liquidity, and RWA channels will define Bitcoin's next adoption stage. The overall potential remains significant as banks and financial institutions worldwide continue to expand their digital asset capabilities.

cryptonews.ru25m ago

The Peak of Bitcoin's Bull Cycle May Be Driven by Global Demand for ETFs

cryptonews.ru25m ago

Dormant Bitcoin Wallets Awaken: Over 800 BTC Moved in August

In August 2026, at least 13 long-dormant Bitcoin wallets, inactive for 12 to over 15 years, became active and moved a total of approximately 818 BTC. With Bitcoin's price significantly higher, the collective value of these transactions exceeded $60 million at the time. The most notable transfer involved 212 BTC on August 18 from a wallet dormant for about 14 years, valued at roughly $13.66 million at transfer. On August 22, activity from several old wallets led to the movement of 282.31 BTC, including batches held since 2011. Another transfer on August 29 saw 10 BTC moved after over 15 years of inactivity, worth about $777,000. Smaller transfers ranging from 8.54 to 49.97 BTC occurred between August 1 and 18 from wallets inactive for 12 to 15 years. According to Galaxy Research, realized profits on individual wallets reached millions of dollars. For example, the owner of 40 BTC moved on August 26 after over 14 years of dormancy realized a profit of approximately $3.16 million, with the funds sent to an address linked to Boerse Stuttgart Digital. This activity follows a similar event in March, where a Bitcoin whale moved 2,100 BTC (over $147 million then) after nearly 13.7 years of inactivity.

cryptonews.ru25m ago

Dormant Bitcoin Wallets Awaken: Over 800 BTC Moved in August

cryptonews.ru25m ago

ECB's Schnabel says central bank money 'should move to blockchain'

ECB Executive Board member Isabel Schnabel stated that central bank money "must move onto the blockchain." She argued that stablecoins lack the independent ability to scale liquidity during financial stress—a gap only a central bank can fill. Her proposed solution involves tokenization, which she says can make transactions faster, safer, and more programmable, but only if the safest asset (central bank money) is on the same "rails" as other tokenized assets. This marks a notable shift for the Eurosystem, which had previously viewed Distributed Ledger Technology (DLT) mainly as a tool for regulating stablecoins and crypto, not as infrastructure to adopt directly. The first step is Project Pontes, launching in September. It will initially synchronize the ECB’s existing TARGET services with private DLT platforms. Eventually, it aims to enable settlement finality on a Eurosystem-managed DLT platform with smart contract functionality and 24/7 operation. The long-term strategy is Project Appia, tasked with developing the architecture, standards, and legal framework for a genuine European tokenized asset market by 2028. Trials have already processed around €1.6 billion, and since March 2026, the ECB accepts DLT-based assets as collateral. While not directly impacting Bitcoin's price, these developments signal that a major G7 central bank is preparing to settle transactions on-chain, lending legitimacy to the underlying infrastructure of crypto markets. The ECB's move to avoid "disintermediation" by private tokenization shows that debates in central bank boardrooms are now aligning with discussions long followed in the crypto space.

cryptonews.ru27m ago

ECB's Schnabel says central bank money 'should move to blockchain'

cryptonews.ru27m ago

Ripple Labs Warns of a New Challenge for Blockchains

Ripple Labs is preparing the XRP Ledger for quantum threats but now emphasizes a broader challenge: ensuring financial infrastructure can adapt simultaneously to quantum computing and artificial intelligence. Senior Director of Engineering Ayo Akinyele states the goal is not merely anticipating a "Q-Day" but building infrastructure capable of preemptively adopting new security mechanisms without network disruption. The shift to post-quantum cryptography involves more than swapping algorithms; it requires flexible infrastructure, improved key management, and clear upgrade paths. Financial systems were not designed with quantum computers in mind, necessitating a rethink of transaction, identity, asset, and data protection. This is underscored by significant investments, such as the $2 billion U.S.-IBM quantum factory initiative and a 2030 U.S. government mandate for post-quantum cryptography adoption. AI introduces distinct risks by driving automation and autonomous economic activity, increasing demand for an always-on, internet-oriented payment infrastructure. AI agents could soon conduct transactions independently, creating new security requirements. Ripple Labs advocates for proactive, orderly preparation rather than a crisis-driven transition, having outlined a four-phase strategy aiming for a full XRP Ledger transition by 2028, now expanded to address both quantum and AI-driven challenges.

cryptonews.ru27m ago

Ripple Labs Warns of a New Challenge for Blockchains

cryptonews.ru27m ago

Trading

Spot
活动图片