Bitwise has filed for NYSE Arca to list the Bitwise 10 Crypto Index Fund as an ETP.
The company has updated its S-1 filing with the SEC to advance its XRP-focused ETF.
The fund emphasizes broad crypto exposure with allocations to BTC, ETH, SOL, and XRP.
Bitwise Asset Management is pushing for greater access to crypto investments. The firm announced that NYSE Arca has filed to list the Bitwise 10 Crypto Index Fund (BITW) as an exchange-traded product (ETP). This move could significantly expand investor access to a diversified basket of cryptocurrencies.
We’re excited to announce that today NYSE Arca has filed to list the Bitwise 10 Crypto Index Fund (BITW)—the world’s first and largest crypto index fund—as an ETP.
This is the latest step in our efforts to convert the $1.3B publicly traded trust to an ETP structure. pic.twitter.com/wWiZRa4McN
— Bitwise (@BitwiseInvest) November 14, 2024
This move is part of Bitwise’s ongoing effort to convert its $1.3 billion publicly traded trust into an ETP.
Bitwise CEO Hunter Horsley highlighted the advantages of ETPs, emphasizing their efficiency and convenience for crypto exposure. Unlike traditional trus…
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