Bitwise Rolls Out New ETF For Broad Crypto Exposure, Including BTC, XRP, And ADA
Bitwise has launched the Bitwise 10 Crypto Index ETF (BITW) on the NYSE, providing investors with a single investment vehicle for diversified crypto exposure. The ETF includes ten digital assets: Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Chainlink (LINK), Litecoin (LTC), Cardano (ADA), Avalanche (AVAX), Sui (SUI), and Polkadot (DOT). Notably, it is the first major crypto ETF to include Avalanche, Sui, and Polkadot. The fund launched with over $1 billion in assets and is tailored for financial advisors and retail investors using retirement accounts. While it offers exposure to smaller-cap cryptocurrencies, 90% of its holdings are allocated to Bitcoin, Ethereum, Solana, and XRP, with the remaining 10% spread across the other tokens. The ETF will rebalance monthly. Bitwise CEO Hunter Horsley stated the timing is ideal for investors seeking broad digital asset exposure without picking individual coins. Ethereum is currently the best-performing asset in the fund.
bitcoinist12/10 13:07