BREAKING: Bitwise Files to Convert Its Bitcoin and 9 Altcoins Fund into a Spot ETF – Here Are the Altcoins

CoinMarketCap11-15

Bitwise Asset Management announced today that NYSE Arca has applied to list its Bitwise 10 Crypto Index Fund (BITW) as an exchange-traded product (ETP), making it the world’s first and largest crypto ...

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Unlike traditional funds, an ETF accepts subscriptions and redemptions based on its Net Asset Value (NAV), creating an arbitrage mechanism that allows trading in secondary markets at a price closer to NAV.\nRelated News: When Will Bitcoin Price Go Above $100,000? Here are Experts' Predictions\nBitwise’s Chief Investment Officer Matt Hougan touted the fund’s mission to simplify crypto investing for the broader public. “BITW was the first fund to offer a broad, index-based approach to the crypto market. As a leader in its class, we are excited about this next chapter,” he said.\nThe Bitwise 10 Crypto Index Fund invests in the ten largest crypto assets ranked by market capitalization and rebalanced monthly to reflect market changes.\nAs of October 31, 2024, the fund's assets are as follows:\n\nBitcoin: 75.1%\nEthereum: 16.5%\nFading: 4.3%\nXRP: 1.6%\nCardano: 0.7%\nAvalanche: 0.6%\nBitcoin Cash: 0.4%\nChainlink 0.4%\nUniswap 0.3%\nPolkadot: 0.3%\n\n*This is not investment advice.\n Continue Reading: BREAKING: Bitwise Files to Convert Its Bitcoin and 9 Altcoins Fund into a Spot ETF – Here Are the Altcoins","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483355685"}