Cardano has picked up a new wave of visibility after Bitwise shifted its Bitwise 10 Crypto Index ETF (BITW) to NYSE Arca. The move places ADA inside a regulated Wall Street product with national exchange reach, putting it beside the ten largest cryptocurrencies. This change opens the door for more traditional investors. It gives Cardano a stronger place in institutional portfolios at a time when interest in digital assets is spreading across financial markets. ADA holds a 0.65% share of the index. It’s ...

Bitwise Asset Management has brought one of the crypto market’s earliest index products into the mainstream trading arena with an announcement that the Bitwise 10 Crypto Index ETF (NYSE:BITW) has officially commenced trading on NYSE ARCA. • Bitcoin stock is down today. Where is BTC stock headed next?First unveiled in 2017 as the world’s earliest crypto index fund, BITW has now been repackaged as an exchange-traded product designed to give broad exposure to the sector’s largest digital assets. The fund was ...

Core Insights - Bitwise Asset Management announced that its crypto index fund, the Bitwise 10 Crypto Index ETF (BITW), will uplist to NYSE Arca as an exchange-traded product [1] - BITW, launched in 2017, holds the 10 largest crypto assets by market capitalization and features active screening and monthly rebalancing to provide diversified exposure to the crypto market [2] - Bitwise's Chief Information Officer highlighted that the index approach allows investors to engage with the crypto market without needing to predict specific winners, as BITW will include the largest and most successful assets [3] Industry Developments - The SEC's new guidance on disclosures for cryptocurrency-based exchange-traded products in July is viewed as a precursor to more approvals for crypto ETFs [3] - Grayscale Investments launched its multi-asset cryptocurrency exchange-traded product, Grayscale CoinDesk Crypto 5 ETF (GDLC), on NYSE Arca in September, offering exposure to the five largest crypto assets with quarterly rebalancing [4][5] - Bitwise completed a $70 million equity raise in February, indicating expectations of significant growth in 2024 and a commitment to enhancing its investment capabilities [6]

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].

The $1.25 billion fund seeks to offer diversified exposure to 10 top crypto assets, including BTC, ETH, SOL, XRP, and more. SAN FRANCISCO, Dec. 9, 2025 /PRNewswire/ -- Bitwise Asset Management, the global crypto asset manager with over $15B in client assets, today announced that the world's largest and longest-running crypto index fund, the Bitwise 10 Crypto Index ETF (BITW), will uplist to NYSE Arca as an exchange-traded product. "Most investors we meet are convinced crypto is here to stay, but they don't ...