Bitwise Asset Management, in partnership with NYSE Arca, has filed a proposal with the SEC for the listing of an exchange-traded product (ETP) that would invest in a basket of 10 cryptocurrencies.
This ETP, the Bitwise 10 Crypto Index Fund (BITW), aims to provide investors with exposure to a diversified portfolio of leading crypto assets, including Bitcoin, Ether, Solana, XRP and others.
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As of October 31, 2024, Bitcoin and Ether made up the largest portions of the fund's holdings, representing 75.1% and 16.5%, respectively.
All other cryptocurrencies each represent less than 1% of the fund's total assets.
Bitwise CEO Hunter Horsley has expressed enthusiasm for ETPs as the most efficient and simplest method of accessing cryptocurrency markets.