- BITW lists with $1.25B AUM and delivers index exposure to ten major crypto assets.
- Bitcoin holds 74% of the basket as monthly rebalancing adjusts to market shifts.
- Bitwise expands regulated access as institutional demand for index products rises.
Asset Management has launched its long-awaited Bitwise 10 Crypto Index ETF (ticker: BITW) on NYSE Arca, giving investors a regulated, exchange-traded gateway to a diversified basket of leading digital assets. The fund enters the market with $1.25 billion in assets under management and an eight-year performance record, making it the world’s largest crypto index fund by size.
A Milestone Listing for a Long-Running Index Product
BITW’s listing marks the first time the long-operating Bitwise 10 Index product has been granted a full exchange-traded structure. Bitwise said the transition followed an extended SEC review period. The upgrade allows the fund to trade like any other ETF on a major U.S. exchange, broadening access for both retail and institutional investors.
Bitwise Lists $BITW on NYSE Arca (Source: X)
According to Bitwise, the listing is significant because many investors believe in the long-term potential of crypto but do not want to pick individual tokens or track rapid market developments. The new ETF provides exposure to the ten largest assets by market capitalization, screened by liquidity, custody safety, and compliance considerations.
Inside the BITW Basket: Bitcoin Dominates the Weighting
The ETF currently holds Bitcoin, Ethereum, XRP, Solana, Cardano, Chainlink, Litecoin, Sui, Avalanche, and Polkadot. The index assigns weights based on market value, with no cap on the largest asset. As of launch day, Bitcoin represents more than 74% of the portfolio, followed by Ethereum at roughly 15%.
Bitwise BITW 10 Crypto Index ETF Holdings (Source: X)
The remaining assets, including XRP and Solana, occupy smaller allocations consistent with their relative market sizes. However, the rules-based design is central to Bitwise’s approach. The index rebalances monthly, adds new assets when they reach sufficient scale, and excludes those that fail liquidity or security criteria.
Bitwise highlighted past examples such as Terra’s LUNA, which was never admitted into the index despite its former top-ten market cap ranking due to red-flag concerns in its fundamentals. Bitwise publishes all additions and removals to the index online each month, offering equal transparency to all market participants. No early access or preferential treatment is given to any investor.
Why Investors Are Turning to Index Exposure
BITW arrives amid rising institutional interest in regulated investment vehicles. Bitwise CIO Matt Hougan recently noted growing conviction from major institutions, pointing to Harvard University’s recent Bitcoin allocation as an indicator of shifting adoption trends.
Hougan said investors frequently asked for a crypto index ETF that avoids the complexity of choosing individual winners. With the BITW listing, that product is now available on a major U.S. exchange, allowing market participants to access a curated basket without needing deep technical knowledge or round-the-clock monitoring.
Bitwise emphasized that the ETF is not registered under the Investment Company Act of 1940 and does not provide the same protections as traditional mutual funds or SEC-registered ETFs. The firm warned that the product involves heightened volatility and risk, including the possibility of complete capital loss.
A Forward-Looking Index for a Rapidly Evolving Market
BITW’s structure is intended to adapt automatically as the crypto landscape changes. If Bitcoin remains dominant, the index will reflect that by holding mostly Bitcoin. Still, if several new assets emerge and rise in value, they will be included during future rebalancing cycles.
This adaptive design reflects Bitwise’s long-term strategy, which includes a broader pipeline of products, such as its separate Avalanche ETF initiative. The firm said 2025 marks a “breakout year” for digital assets as the market matures and investors seek regulated pathways into the sector.
Bitwise further added that the ETF represents years of work to expand access to crypto investing. The company said the NYSE Arca listing is a major step toward making crypto exposure as simple and structured as investing in traditional asset-class index funds.
With BITW now trading on NYSE Arca, investors have a single regulated product that captures the evolving leadership of the crypto market, without needing to predict which assets will define the next decade of digital finance.
