Bitwise Asset Management has submitted a filing with the U.S. Securities and Exchange Commission (SEC) to convert its Bitwise 10 Crypto Index Fund into an exchange-traded product (ETP). This initiative is a significant step toward enhancing accessibility and regulatory oversight for crypto-focused investment products.
The proposed fund will provide exposure to a carefully curated selection of ten major cryptocurrencies:
• Bitcoin (BTC)
• Ethereum (ETH)
• Solana (SOL)
• XRP
• Cardano (ADA)
• Avalanche (AVAX)
• Polkadot (DOT)
• Chainlink (LINK)
• Bitcoin Cash (BCH)
• Uniswap (UNI)
By transitioning to an ETP structure, the fund aims to offer improved liquidity, allowing for continuous subscriptions and redemptions based on the Net Asset Value (NAV). This design is intended to minimize trading inefficiencies and better align the fund’s market price with the actual value of its underlying assets.
This move underscores Bitwise’s commitment to delivering regulated, transparent, and diversified cryptocurrency investment solutions. By including a broad range of established tokens, the fund seeks to offer comprehensive exposure to the crypto market for investors seeking to diversify their portfolios.
For further details, you can refer to Bitwise’s official announcement or the filing submitted to the SEC.