More

    Bitwise 10 Crypto Index ETF debuts on NYSE Arca with BTC, ETH, and XRP exposure


    Key Takeaways

    • The Bitwise 10 Crypto Index ETF received SEC approval to trade as an exchange-traded product on NYSE Arca.
    • This is one of the first index funds allowing diversified, market cap-weighted exposure to major cryptocurrencies via a traditional exchange.

    Share this article

    Bitwise Asset Management’s 10 Crypto Index ETF has received SEC approval to begin trading on NYSE Arca as an exchange-traded product, marking a significant step in bringing diversified crypto exposure to traditional exchanges.

    The market-cap weighted fund tracks leading digital assets including Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, and Chainlink. The SEC issued a notice of effectiveness for the Bitwise 10 Crypto Index Fund, clearing the regulatory path for its NYSE Arca listing.

    The approval represents a milestone in making broad crypto index exposure accessible through established exchange structures, offering investors a single product that captures multiple major digital assets rather than individual crypto ETFs.



    Source link

    Stay in the Loop

    Get the daily email from TokenNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

    Latest posts

    - Advertisement - spot_img

    You might also like...