Bitwise 10 Crypto Index ETF debuts on NYSE Arca
Bitwise, a leading digital asset fund manager, has launched the Bitwise 10 Crypto Index Exchange Traded Fund (ETF), which began trading on the NYSE Arca on Tuesday. The product, trading under the symbol BITW, features a basket of ten cryptocurrencies that meet specified requirements.
Bitwise BITW offers access to 10 digital assets
The Bitwise BITW ETF holds a single basket of the ten largest cryptocurrencies by market capitalization and rebalances monthly. All the digital assets in the basket undergo risk assessment on key factors such as liquidity, security and compliance.
Bitwise stated that the product has no cap on the largest allocation. “So if, in the future, Bitcoin is the only crypto asset that has value and the rest go to zero,…
