BITW uses a rules-based index that screens for risk, liquidity, and compliance to reduce speculative risk and avoid illiquid assets.

BITW is not FDIC-insured, though shares held in a brokerage account may receive securities investor protections for custody, not for market losses.

The move to a regulated exchange aligns with growing institutional adoption of digital assets, even as the sector remains volatile.

The fund may be accessible through certain retirement accounts, depending on platform capabilities; investors should consult brokers or plan administrators for eligibility.

Investors are reminded to read the prospectus before investing due to risks such as volatility, liquidity, regulatory changes, blockchain technology risk, nondiversification, and the fund’s recency.

Potential impacts on trading access and liquidity depend on market participation, with share value potentially adjusting as crypto assets are transferred to cover expenses.

BITW will rebalance periodically to track the index, with an expense ratio disclosed in the prospectus.

The product aims to provide a secure, transparent path for traditional investors to engage with crypto, signaling mainstream acceptance.

This development is a pivotal step toward making crypto investing more accessible and integrated with traditional markets.

Despite volatility, crypto ETPs have seen inflows recently, reflecting renewed investor interest.

BITW is not an Investment Company Act-registered fund and does not offer typical mutual fund protections, tracking an index rather than holding crypto directly.

As an ETP, BITW carries higher risk and volatility with no guaranteed positive returns.

The regulated ETP structure addresses custody, tax, and regulatory considerations that have deterred some institutions from direct token ownership.

The launch and related agreements cover prime execution, trade financing, custody, fund administration, transfer services, and relationships with authorized participants and trading counterparties.

An amended trust agreement, changes to management fees, new shares, and enabled creation/redemption of ETF shares aim to improve liquidity.

readers are directed to the fund’s methodology and prospectus linked in the press release for further details.

Bitwise announces that the Bitwise 10 Crypto Index ETF (BITW), the largest and longest-running crypto index fund, will uplist to NYSE Arca as an exchange-traded product.

BITW's holdings currently include Bitcoin, Ethereum, XRP, Solana, Cardano, Chainlink, Litecoin, Sui, Avalanche, and Polkadot.

BITW employs monthly rebalancing to reflect market prominence and maintain alignment with trends.

The fund is designed to give investors diversified crypto exposure by holding a basket of major assets rather than picking individual winners.

The release notes that this is not investment advice and urges investors to perform their own due diligence before investing.

SEC approval followed a delayed review, with NYSE Arca’s listing rule change certified effective on December 4, 2024.

Final sign-off came after the rule change certification in December 2024, marking a regulatory milestone for the listing.

The launch signals greater mainstream financial acceptance of digital assets by offering regulatory clarity and a familiar investment vehicle within traditional brokerage accounts.

BITW sits within a broader industry context of improved operational risk management for allocators wary of direct token exposure.

The broader context notes rising institutional participation and the move toward regulated vehicles bridging traditional finance and digital assets.

Other ETF providers, such as ALPS | O’Shares, plan to transfer listings to NYSE Arca and begin trading under current tickers around late December 2025.

BITWISE’s eight-year track record and advisory board underpin the index methodology, emphasizing liquidity, custody, security, and regulatory status.

BITWISE Investment Advisers serves as sponsor with Foreside Fund Services as marketing agent, and BITW had about $1.25 billion in assets under management as of December 9, 2025.

BITW emphasizes offering a safer, transparent alternative for investors hesitant about direct crypto ownership while preserving diversified exposure.

Overall, the move signals ongoing maturation of crypto investment products as they list on established securities exchanges rather than crypto venues.

The listing signals regulatory acceptance and institutional interest in crypto investment products, potentially paving the way for more crypto ETFs.

Analysts view regulatory guidance on disclosures for crypto ETPs as paving the way for further crypto ETFs.

BITW is framed as a milestone for crypto ETFs with anticipated growth in regulated adoption.

Regulatory delays from the SEC delayed conversion, but the ETF ultimately received approval and began trading.

The transition from OTC to a regulated ETP is described as a watershed moment for crypto as an asset class and for institutional exposure without direct asset ownership.

Bitwise plans to expand offerings and may add more cryptocurrencies in future versions to enhance diversification.

Bitwise completed a $70 million equity raise in February to support growth and expansion of the crypto asset-class.

BITW publishes monthly index updates showing additions and removals, reflecting strict liquidity, security, and compliance screening.

Bitwise has pursued crypto indexing in the U.S. since 2017, positioning BITW as a regulated vehicle for broad exposure and signaling optimism for growth in 2025.

BITW originated as a private placement in 2017, traded OTC since 2020, with NYSE Arca’s listing rule change filed in November 2024 and SEC certification effective in December 2024.

Grayscale’s GDLC multi-asset ETF expansion on NYSE Arca earlier in 2025 reflects a similar trend toward regulated crypto exposure.

Bitwise notes the index approach helps investors own the largest crypto assets by market cap without needing to predict future winners.

Bitwise CIO Matt Hougan argues the index method captures the top assets by size regardless of which assets perform best.

Bitwise had previously gained approval for a spot Bitcoin ETF in 2024, with its BITB ETF Trust among the fastest to reach $1 billion in assets.

BITW plans to assign 90% of assets to existing single-coin ETPs and 10% to other eligible assets, subject to regulator approvals.

The fund intends to expand its asset base only with regulator-approved coins, maintaining a focus on diversification within regulatory bounds.