Bitwise Files Form 19b-4 to List $1.3B Crypto Index Fund BITW as ETP on NYSE Arca, Includes BTC and SOL

Nov 14, 2024, 09:45 PM

Bitwise Asset Management has announced that NYSE Arca has filed to list the Bitwise 10 Crypto Index Fund (BITW) as an Exchange-Traded Product (ETP). This move is part of Bitwise's efforts to convert its $1.3 billion publicly traded trust into an ETP structure. The index fund includes major cryptocurrencies such as Bitcoin (BTC) and Solana (SOL), among others. Currently, the fund operates similarly to a closed-end product, which involves premiums and discounts. The filing was made under Form 19b-4, indicating a significant step in the evolution of cryptocurrency investment products.