BITW will give most of its crypto assets to existing single-coin ETPs

Bitwise Asset Management’s 10 Crypto Index ETF has received SEC approval to begin trading on NYSE Arca as an exchange-traded product. The listing approval has transitioned from OTCQX to boost liquidity for a $1.25 billion fund.

The fund includes exposure to Bitcoin, Ethereum, XRP, Solana, Cardano, Chainlink, Litcoin, Sui Network, Avalaunch, and Polkadot. 

The portfolio weights for Bitwise’s BITW ETF have Bitcoin at 74.34%, underscoring its market cap dominance among the top 10 screened cryptocurrencies. Ethereum follows at 15.55%, while altcoins like XRP (5.17%) and Solana (3.07%) provide smaller but notable diversification, totaling 89.89% for BTC and ETH combined.

Matt Hougan, CIO of Bitwise, stated, “The index approach is a way for people to invest in the thesis without having to predict the future, knowing that BITW will own the largest, most successful assets in the space (by market capitalization), whatever they happen to be. BITW now gives investors broad-based exposure to crypto with the benefit of Bitwise’s oversight and more than eight-year track record.”

BITW will give most of its crypto assets to existing single-coin ETPs

With its new ETP structure, BITW will allocate 90% of its crypto assets to existing single-coin ETPs, which currently include Bitcoin, Ether, Solana, and XRP. The remaining 10% will comprise crypto assets that are not part of these four coins. If other crypto coins receive the same legal approval as BTC, ETH, SOL, and XRP, BITW will categorize them in the 90% category.

With this move, investors can now easily diversify their portfolios by investing in a single exchange-traded product that covers several major cryptocurrencies. As such, this ETF offers a significant advantage over traditional individual crypto ETFs, as it streamlines the investment process and reduces the complexity associated with managing multiple crypto assets.

It may also influence trading access and liquidity; however, the actual effects will depend on market participation over time.

The amount of crypto represented by a Share will continue to be reduced during the Fund’s life due to the transfer of the Fund’s crypto to cover the Sponsor’s management fee and other extraordinary expenses, such as litigation costs.  This will happen whether the price of the Shares goes up or down when the price of crypto changes.

Hunter Horsley, CEO of Bitwise, stated, “This is a watershed moment for crypto as an asset class. With BITW uplisting as an ETP today, crypto finally has a NYSE-traded index fund. We believe index investing through BITW will become one of the most popular ways for investors to get exposure.”

Additionally, as part of the conversion, several agreements were entered into. They cover a wide range of topics, including prime execution, trade financing, and master purchase and sale arrangements for digital assets, as well as cash custody, marketing, fund administration and accounting, and transfer agency and registrar services. 

The trust also entered into agreements with authorized participants and trading counterparties.

ALPS | O’Shares ETFs to transfer listing to NYSE Arca

In other news, SS&C ALPS Advisors has also announced plans to transfer the listing of the ALPS | O’Shares US small-cap quality dividend ETF, O’Shares US quality dividend ETF, O’Shares global internet giants ETF, and O’Shares International Developed Quality Dividend ETF from the Cboe BZX Exchange, Inc. to the NYSE Arca, Inc.

However, no shareholder action is required as a result of this change. According to SS&C ALPS advisors, the ETFs will begin trading on the NYSE Arca under their current ticker symbols on or about December 30, 2025. However, this date is subject to change.

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