Home SEC Approves U.S.’ Second Crypto Index ETP With Bitwise’s BITW

SEC Approves U.S.’ Second Crypto Index ETP With Bitwise’s BITW

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SEC Approves U.S.’ Second Crypto Index ETP With Bitwise’s BITW | 3verseTV
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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 approved as a full ETP, following Grayscale’s ETP approval in July, moving beyond over-the-counter trading into a regulated exchange listing.

The fund, originally launched in 2020, offers diversified exposure to Bitcoin, Ether, Solana, XRP and other top cryptocurrencies, rebalanced monthly based on market capitalization and liquidity filters.

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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