Huge: Avalanche is now part of the Bitwise 10 Crypto Index ETF (NYSE: BITW)The institutions are here🔺 https://t.co/xtJC0ib378 ...

Bitwise’s crypto fund has just become the second crypto index to begin trading, letting individual traders and institutions access to multiple cryptocurrencies in a single investment vehicle. . The Bitwise 10 Crypto Index Fund (BITW), a $1.25 billion vehicle tracking the 10 largest digital assets, received the U.S. Securities and Exchange Commission (SEC)’s approval to begin trading Tuesday on NYSE Arca as an exchange-traded product (ETP). It is the second U.S.-listed multi-asset crypto index fund to be ...

Core Viewpoint - The launch of the Bitwise 10 Crypto Index ETF (BITW) provides retail investors and financial advisors with access to a diversified range of cryptocurrencies, marking a significant development in the cryptocurrency investment landscape [1][2]. Group 1: ETF Details - BITW includes 10 digital assets: Bitcoin, ether, XRP, Solana, Chainlink, Litecoin, Cardano, Avalanche, Sui, and Polkadot, making it the first ETF from a major crypto asset manager to include Cardano, Avalanche, Sui, and Polkadot [2]. - The ETF was converted from an index fund and starts trading with $1.5 billion in assets, offering advantages such as increased trading flexibility, tax efficiency, and lower fees compared to traditional funds [4]. - BITW allocates 90% of its holdings to Bitcoin, ether, Solana, and XRP, capping the combined weight of all other tokens at 10%, and will be rebalanced monthly [8]. Group 2: Market Context - The ETF launch follows the SEC's approval of several spot bitcoin ETFs in January 2024, prompting asset managers to seek approvals for ETFs tracking a broader range of digital assets [5]. - The cryptocurrency market has recently experienced pullbacks, with Bitcoin trading as low as $85,000, over 30% off its record high of approximately $126,000 [6]. - Despite the risks associated with smaller coins, the ETF offers potential diversification similar to broad index funds, appealing to investors seeking comprehensive exposure to digital assets [7]. Group 3: Company Background - Bitwise manages over $15 billion in client assets and offers a suite of more than 40 digital asset investment products [9].

TODAY: The Bitwise 10 Crypto Index ETF (ticker: BITW), which tracks $BTC, $ETH, $XRP, $SOL, $ADA, $LINK, $LTC, $SUI, $AVAX, and $DOT, is now live on NYSE Arca ...

RT BSCN (@BSCNews)🔺 Just how likely is a spot $AVAX ETF?Investment giant, Bitwise, has submitted an amended S-1 registration statement to the SEC.The updated application is to launch a spot @Avax ETF in the United States... But what's even more exciting is that it reportedly includes staking.But will the proposal see quick approval? Or will Avalanche join the long list of altcoins waiting for ETF launch... ⬇️ https://t.co/cdSaniUZ47 ...

Bitwise's first-ever crypto investment product gets uplisted to the NYSE Arca https://t.co/fTdcttxaho ...

RT BSCN (@BSCNews)🔺 Just how likely is a spot $AVAX ETF?Investment giant, Bitwise, has submitted an amended S-1 registration statement to the SEC.The updated application is to launch a spot @Avax ETF in the United States... But what's even more exciting is that it reportedly includes staking.But will the proposal see quick approval? Or will Avalanche join the long list of altcoins waiting for ETF launch... ⬇️ https://t.co/cdSaniUZ47 ...

RT James Hunt (@humanjets)Bitwise CIO @Matt_Hougan sees crypto growing 10–20x over the next decade, citing SEC Chair Paul Atkins's recent comment that he expects all U.S. equity markets to move onchain "in a couple of years."As crypto's use cases multiply and the ecosystem grows more complex, Hougan also predicted index funds will become "a big deal in 2026," providing a way to capture the sector's broad upside while navigating deep uncertainty about how the industry will ultimately evolve."Imagine correctl ...

Group 1: XRP ETFs Performance - Spot XRP ETFs have experienced 16 consecutive days of inflows since their launch, indicating strong institutional demand [2] - On December 8, the inflows across four XRP ETFs totaled $38 million, with over 16 million XRP tokens acquired from the market [2] - In contrast, Bitcoin ETFs saw a net outflow of $60 million, while Ethereum ETFs had inflows of $35.49 million, and Solana ETFs only $1.18 million [3] Group 2: New Market Entrants - Asset manager 21Shares is preparing to launch its own XRP ETF and has submitted S-1 documentation to the U.S. Securities and Exchange Commission (SEC) [4] - The SEC filing includes a delaying amendment, indicating that 21Shares is awaiting either a CERT filing or formal SEC approval [4] - The latest amendment has reduced the product's management fee from 0.50% to 0.30% [5] Group 3: XRP Price Analysis - XRP price is currently testing the macro 0.5 Fibonacci support level at $2.04, representing a critical decision point [6] - A breakout above the $2.41 resistance level, with momentum towards $2.65, is necessary to confirm a bullish trend continuation [6] - If XRP falls below the $2.04 support, potential downside targets could be $1.73 and $1.64, aligning with the 0.618 macro support level [7]

Bitwise CIO sees crypto growing 10–20x in the next decade, citing SEC Chair's $68 trillion onchain forecast https://t.co/bEoRnM4bWq ...