Solana

Tornado Cash

Digital asset manager Bitwise has filed for an ETF (exchange-traded fund) that is based on its existing 10 Crypto Index Fund with the ticker BITW. 
The proposed Bitwise 10 Crypto Index Fund ETF will grant investors indirect access to the underlying crypto assets which the custodian “will maintain custody of,” according to a Nov. 27 <a href="https://www.sec.gov/files/rules/sro/nysearca/2024/34-101775.pdf">filing</a> with the US Securities and Exchange Commission (SEC).&nbsp; 
This SEC filing follows an application submitted by New York Stock Exchange (NYSE) Arca to list the Bitwise 10 Crypto Index Fund as an ETF (exchange-traded product) on Nov. 15. 
<img decoding="async" src="https://coingape.com/wp-content/uploads/2021/09/Bitwise-Ex-Bitcoin-Crypto-Index-Fund.jpeg" alt="Bitwise Makes New Update to its Bitcoin ETF Application"> 
<h2 id="span-style-font-weight-400-the-bitwise-10-crypto-index-fund-is-mainly-made-up-of-btc-and-eth-span">The Bitwise 10 Crypto Index Fund Is Mainly Made Up Of BTC And ETH</h2> 
The <a href="https://insidebitcoins.com/news/bitcoin-price-analysis-as-btc-closes-on-100k-bitwise-sees-500k-ahead-and-traders-pile-into-the-best-crypto-wallet-ico-thats-blasted-past-250k">Bitwise</a> 10 Crypto Index Fund is weighted heavily toward the leading crypto, Bitcoin (BTC). The filing shows that the fund’s allocation toward the largest crypto by market cap is over 75%. Altcoin leader Ethereum (ETH) is the fund’s next biggest allocation, with a 16.5% weighting. 
Other digital assets held by the fund include Ethereum-killer Solana (SOL), remittance token Ripple (XRP) and Avalanche (AVAX). Cardano (ADA), Chainlink (LINK), Bitcoin Cash (BCH), Uniswap (UNI) and Polkadot (DOT) make up the remaining cryptos in the Bitwise 10 Crypto Index Fund. 
According to a <a href="https://bitwiseinvestments.com/crypto-funds/bitw">tracker</a> for the fund, its assets under management (AUM) currently stands at over $1.42 billion. 
<h2 id="span-style-font-weight-400-bitwise-asset-management-makes-a-series-of-strategic-moves-in-the-crypto-space-span">Bitwise Asset Management Makes A Series Of Strategic Moves In The Crypto Space</h2> 
The filing to create an ETF based on its 10 Crypto Index Fund is not the only move Bitwise has made in the crypto space recently. The firm also rebranded its European XRP ETF on Nov. 27.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 4 Bitwise filings on here. 
 The team is hard at work to continue doing what we've done for 7 years: work to open access for investors to this important new asset class — <a href="https://t.co/auLjDSR4Qu">https://t.co/auLjDSR4Qu</a> 
 — Hunter Horsley (@HHorsley) <a href="https://twitter.com/HHorsley/status/1861795159794409943?ref_src=twsrc%5Etfw">November 27, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
On Nov. 26, NYSE Arca filed to list a Bitwise ETF that includes direct exposure to both BTC and ETH as well. This was after the firm registered a statutory trust in Delaware for a proposed spot <a href="https://insidebitcoins.com/news/solana-price-prediction-sol-sets-a-new-all-time-high-on-coinbase-and-etf-applications-pile-up-as-this-new-meme-coin-skyrockets-2000">Solana ETF</a> on Nov. 20. 
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Bitwise Files With SEC For ETF Based On 10 Crypto Index Fund

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