Bitwise Asset Management has uplisted the world’s largest and longest-running crypto index fund, the Bitwise 10 Crypto Index ETF, to NYSE Arca.
Uplisting is when shares move from a smaller market to a major stock exchange
It marks a milestone for Bitwise, giving mainstream investors access to diversified exposure to the ten largest digital assets by market capitalisation.
“Most investors we meet are convinced crypto is here to stay, but they don’t know who the winners will be or how many will succeed,” said Matt Hougan, CIO of Bitwise.
“The index approach is a way for people to invest in the thesis without having to predict the future, knowing that BITW will own the largest, most successful assets in the space, whatever they happen to be.”
At the time of uplisting, BITW’s holdings included Bitcoin (74.34%), Ether (15.55%), XRP (5.17%), and Solana (3.07%), alongside smaller allocations to Cardano, Chainlink, Litecoin, Avalanche, Sui, and Polkadot.
Hunter Horsley, CEO of Bitwise, described the uplisting as a significant moment for the sector.
“This is a watershed moment for crypto as an asset class. With BITW uplisting as an ETP today, crypto finally has a NYSE-traded index fund. We believe index investing through BITW will become one of the most popular ways for investors to get exposure.”
BITW was first launched in 2017 as the inaugural crypto index fund, offering monthly rebalancing and active screening to ensure liquidity, custody, and regulatory compliance.
Under its new ETP structure, 90% of holdings will be allocated to crypto assets already supported by single-coin ETPs, with the remainder capped at 10%.
Bitwise, which manages more than $15 billion in client assets, has built a suite of over 40 crypto investment products and serves more than 4,000 wealth teams, family offices, and institutional investors.
The company was a launch partner of the inaugural Capital Pioneer Summit held in London, in October.
