Bitwise Asset Management is taking its $1.4 billion crypto index fund to the big leagues, filing with the SEC for listing on NYSE Arca. The move aims to give everyday investors easy access to a curated slice of the crypto market.
Fund Composition: A Strategic Crypto Portfolio
The proposed ETF reflects a carefully weighted portfolio:
- Bitcoin (BTC): 75.14%
- Ethereum (ETH): 16.42%
- Solana (SOL): 4.30%
- XRP: 1.50%
- Cardano (ADA): 0.70%
- Others: Includes Avalanche (0.60%), Chainlink, Bitcoin Cash (0.40% each), Polkadot, and Uniswap (0.30% each).
Rigorous Standards
The fund selects assets that meet stringent criteria, including:
- Stable trading volumes
- Secure custody solutions
- Resilience against security breaches
- A price floor of $0.01 for at least 30 consecutive days
Custody is handled by Coinbase Custody, with cash and administrative oversight by The Bank of New York Mellon, ensuring robust management.
Key Insights and Trends
This move follows successful filings for Bitcoin and Ethereum ETFs earlier this year, signaling growing regulatory acceptance. The inclusion of a 90% surveillance sharing agreement, crucial for prior ETF approvals, underscores the seriousness of the application.
Bitwise’s long-standing fund, active since 2017, is poised for a major upgrade. Its potential listing under NYSE Arca’s Rule 8.800-E—a framework tailored for digital assets—could open the door for more investors to access the broader crypto market through traditional brokerage accounts.
If approved, this ETF could become a cornerstone product for those seeking diverse exposure to cryptocurrencies, blending blue-chip stability with emerging market potential.
Bitcoin 
Ethereum 
Tether 
Solana 
BNB 
XRP 
Dogecoin 
USDC 
Cardano 
Lido Staked Ether