Bitwise Files Application to Issue a 10 Crypto Index ETF
Bitwise has officially submitted its proposal for the 10 Crypto Index ETF to the US Securities and Exchange Commission (SEC). The 19b-4, which was filed earlier this month by the firm’s exchange partner, the New York Stock Exchange (NYSE), has now been recognized by the commission.
According to the filing, the Bitwise 10 Crypto Index ETF will include a diverse range of cryptocurrencies such as Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Chainlink, Bitcoin Cash, Polkadot, and Uniswap.
The fund will track the prices of these assets in weighted proportions, providing investors with indirect exposure to the underlying coins. Each of the assets in the Crypto Index ETF will have a unique share of the index, with Bitcoin having the largest share at 75.14%, followed by Ethereum at 16.42%, and Solana at 4.3%.
Other cryptocurrencies in the Index include XRP, Cardano, Avalanche, Chainlink, Bitcoin Cash, Uniswap, and Polkadot, with shares of 1.56%, 0.66%, 0.55%, 0.39%, 0.38%, 0.31%, and 0.30%, respectively.
