Bitwise crypto index fund moves from over-the-counter to NYSE Arca for trading
Cointelegraph
Bitwise's 10 Crypto Index Fund (BITW) has moved from OTC markets to trade on the regulated NYSE Arca as an ETP.Summary
Bitwise Asset Management announced that its 10 Crypto Index Fund (BITW) is moving from the over-the-counter (OTC) market to trade on NYSE Arca, effective Tuesday. This uplisting allows the fund, which offers diversified exposure to the 10 largest cryptocurrencies by market capitalization, to trade on a major regulated securities exchange, similar to traditional ETFs. Bitwise Chief Investment Officer Matt Hougan stated that the index approach allows investors to gain exposure to the crypto thesis without needing to predict individual winners. This move aligns with broader trends of institutional adoption, which accelerated after the approval of spot Bitcoin ETFs in January 2024, despite ongoing market volatility.
(Source：Cointelegraph)