Bitwise applies for 10 cryptocurrency index ETF

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Cryptocurrency Comprehensive Index Fund, Application for ETF Conversion
Includes BTC·ETH·SOL·XRP·ADA·AVAX·LINK·BCH

Bitwise, Application for Cryptocurrency 10 Index ETF
Asset management company Bitwise has submitted an application to the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that tracks the prices of 10 cryptocurrencies.

On the 27th, Bitwise submitted a '19b-4' application to the SEC for the ETF conversion of the 'BITW' cryptocurrency comprehensive index fund, which Bitwise has provided since 2018.

The cryptocurrencies included in the BITW index designed by Bitwise are ▲BTC ▲ETH ▲SOL ▲XRP ▲ADA ▲AVAX ▲LINK ▲BCH ▲DOT ▲UNI.

The tracking ratio of each cryptocurrency in the BITW index is BTC 75.14%, ETH 16.42%, SOL 4.30%, XRP 1.5%, and less than 1% for the remaining coins.

Last week, Bitwise drew attention by applying for a Solana spot ETF. On the 20th, Bitwise registered a Solana spot ETF on the Delaware corporate registration website. Delaware corporate registration is a step taken by asset management companies before officially submitting the 'S-1' ETF application to the SEC.

Reporter Kwon Seung-won ksw@blockstreet.co.kr

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