DeFi Daily News
Wednesday, July 16, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Markets Crypto Market

rewrite this title Bitwise files to convert its 10 Crypto Index Fund into an ETP | Coin Media

News Room by News Room
November 14, 2024
in Crypto Market
0 0
0
rewrite this title Bitwise files to convert its 10 Crypto Index Fund into an ETP | Coin Media
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1200 words and keep HTML tags

Bitwise Asset Management announced that NYSE Arca has filed to list the Bitwise 10 Crypto Index Fund (BITW) as an exchange-traded product.

The $1.3 billion publicly traded trust currently trades on the OTCQX Best Market.

“Bitwise believes that ETPs are among the most efficient, convenient, and useful vehicles for providing crypto exposure,” said Bitwise CEO Hunter Horsley. “We remain committed to converting BITW to an ETP.”

The conversion to an ETP structure offers significant benefits for shareholders, including improved efficiency, regulatory protections, and an arbitrage mechanism.

This will allow the fund to trade more closely to its Net Asset Value (NAV), offering more liquidity for investors.

Matt Hougan, Bitwise Chief Investment Officer, stated that since its founding in 2017, Bitwise has aimed to provide investors with easy exposure to the groundbreaking potential of crypto.

He further explained that BITW opened up new possibilities as the first fund to offer a broad, index-based approach to the crypto markets, and it continues to lead in its class.

Launched in November 2017, BITW was the first crypto index fund, and it tracks the 10 largest crypto assets by market capitalization.

The fund became publicly traded on OTCQX in December 2020 and registered as an SEC reporting company in April 2021.

As of October 31, 2024, the fund’s holdings include Bitcoin at 75.1%, Ethereum at 16.5%, Solana at 4.3%, XRP at 1.6%, Cardano at 0.7%, Avalanche at 0.6%, Bitcoin Cash at 0.4%, Chainlink at 0.4%, Uniswap at 0.3%, and Polkadot at 0.3%.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BitwisecoinConvertCryptoETPFilesFundIndexmediarewritetitle
ShareTweetShare
Previous Post

rewrite this title Oil prices dip after US inventory build, IEA warning; weekly losses on tap By Investing.com

Next Post

rewrite this title What Trump’s Pick for Health Secretary RFK Jr. Has Said About Vaccines

Next Post
rewrite this title What Trump’s Pick for Health Secretary RFK Jr. Has Said About Vaccines

rewrite this title What Trump’s Pick for Health Secretary RFK Jr. Has Said About Vaccines

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
They’re Going ALL IN on Crypto: This is What Wall St is Buying!

They’re Going ALL IN on Crypto: This is What Wall St is Buying!

June 25, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

August 13, 2024
The Future of Blockchain: An Inside Look at Cardano

The Future of Blockchain: An Inside Look at Cardano

July 18, 2024
rewrite this title and make it good for SEO Crypto vs Fiat: Which is The Better Choice for Online Casino Payouts

rewrite this title and make it good for SEO Crypto vs Fiat: Which is The Better Choice for Online Casino Payouts

July 16, 2025
rewrite this title Bitcoin Wavers After Trump Says He’s ‘Not Planning’ to Fire Fed Chair – Decrypt

rewrite this title Bitcoin Wavers After Trump Says He’s ‘Not Planning’ to Fire Fed Chair – Decrypt

July 16, 2025
Joe Rogan Experience #2350 – Ryan Callaghan

Joe Rogan Experience #2350 – Ryan Callaghan

July 16, 2025
rewrite this title This Tiny AI Coin Might Be the Only Token That Makes Your 2025 Dreams Come True

rewrite this title This Tiny AI Coin Might Be the Only Token That Makes Your 2025 Dreams Come True

July 16, 2025
rewrite this title and make it good for SEOMillennials are finally becoming homeowners at nearly 40—Gen Z may have to wait 2 more decades before unlocking the American Dream

rewrite this title and make it good for SEOMillennials are finally becoming homeowners at nearly 40—Gen Z may have to wait 2 more decades before unlocking the American Dream

July 16, 2025
rewrite this title This ETH rally feels different

rewrite this title This ETH rally feels different

July 16, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.