Welcome to our dedicated page for Bitwise 10 news (Ticker: BITW), a resource for investors and traders seeking the latest updates and insights on Bitwise 10 stock.
The Bitwise 10 Crypto Index ETF (BITW) is closely followed in financial and crypto media because it offers diversified exposure to major crypto assets through a single exchange-traded product. News about BITW often centers on its role as a crypto index fund that seeks to track the Bitwise 10 Large Cap Crypto Index, which includes the 10 largest eligible crypto assets by market capitalization subject to Bitwise’s screening rules.
Coverage frequently highlights milestones in BITW’s development and trading status. For example, Bitwise announced that the fund, originally launched in 2017 as the first crypto index fund, completed a conversion to an exchange-traded fund structure and uplisted to NYSE Arca as an exchange-traded product. Related news also notes that, in connection with this listing, the sponsor caused the trust to withdraw its shares from quotation on OTCQX.
Investors tracking BITW-related news can expect updates on index reconstitutions and rebalancings that affect the composition and weights of the 10 underlying crypto assets. Bitwise Index Services regularly publishes reconstitution results for the Bitwise 10 Large Cap Crypto Index and related indexes, detailing which assets enter or exit and how weights change based on the firm’s methodology.
Because BITW is part of a broader family of Bitwise products, news about the fund often appears alongside announcements of other Bitwise ETFs, separately managed accounts, and index launches tied to bitcoin, Ethereum, DeFi, Web3, and crypto-focused equities. Following this news stream can help investors understand how BITW fits within Bitwise’s overall approach to crypto asset management and how changes in the crypto market may influence index-based products like BITW.
Bitwise Asset Management announced changes in its crypto indexes following the November 30, 2022 reconstitution. Notably, Chainlink (LINK) re-entered both the Bitwise 10 Large Cap Crypto Index and the Bitwise 10 ex Bitcoin Large Cap Crypto Index, replacing Cosmos (ATOM). The Bitwise Decentralized Finance Crypto Index welcomed Balancer (BAL), replacing 0x (ZRX). As of the same date, the Bitwise 10 Large Cap Crypto Index comprises 61.66% Bitcoin (BTC) and 29.29% Ethereum (ETH), while the Bitwise Decentralized Finance Crypto Index features 55.05% Uniswap (UNI).
SS&C Technologies (Nasdaq: SSNC) has been selected by Bitwise Asset Management, the largest crypto index fund manager, to utilize its Eze Investment Suite for managing $1.3 billion in assets across 15 strategies, including crypto ETFs and NFT funds. The suite will streamline trading operations and enhance portfolio management, compliance, and data flows while providing connectivity to OTC trading desks. This partnership underscores SS&C's commitment to supporting the evolving digital asset landscape.
Litecoin (LTC) has re-entered both the Bitwise 10 Large Cap Crypto Index and the Bitwise 10 ex Bitcoin Large Cap Crypto Index as of October 31, 2022, replacing Chainlink (LINK). In the Bitwise 10 Large Cap Crypto Index, Bitcoin (BTC) constitutes 61.11%, Ethereum (ETH) 29.46%, while LTC holds 0.61%. For the Bitwise 10 ex Bitcoin Index, Ethereum dominates at 75.76%, with LTC at 1.58%. The monthly reconstitution reflects Bitwise's commitment to maintaining index integrity and responding to market dynamics.
Bitwise Index Services has announced the monthly reconstitution results for its crypto indexes effective September 30, 2022. Uniswap (UNI) has re-entered the Bitwise 10 Large Cap Crypto Index, replacing Litecoin. The index now comprises 62.99% Bitcoin (BTC) and 27.25% Ethereum (ETH), among others. Additionally, Visa (V) has been added to the Bitwise Crypto Innovators 30 Index, replacing Tesla (TSLA). No changes were made to the Bitwise Decentralized Finance Crypto Index.
Bitwise Asset Management has launched the Bitwise Web3 ETF (ticker: BWEB), targeting companies poised to benefit from the evolution of Web3—a decentralized internet. With over $1.3 billion in assets under management, Bitwise aims to provide investors with access to this emerging technology sector. The ETF tracks the Bitwise Web3 Equities Index, focusing on five key themes: Infrastructure, Finance, Metaverse, Creator Economy, and Development. The fund is available to both retail and institutional investors and is managed by BNY Mellon.
Bitwise Asset Management announced the results of the monthly reconstitution of its indexes on August 31, 2022. Notable changes include Cosmos (ATOM) re-entering the Bitwise 10 Large Cap Crypto Index, replacing Uniswap (UNI), and Convex Finance (CVX) entering the Bitwise Decentralized Finance Crypto Index, replacing SushiSwap (SUSHI). Additionally, ApeCoin (APE) joined the Ball Multicoin Bitwise Metaverse Index, substituting Somnium Space Cubes (CUBE). The Bitwise indexes are pivotal for investment strategies in the dynamic crypto market.
Bitwise Asset Management announced its monthly reconstitution of the Bitwise Crypto Indexes on
Bitwise Asset Management has announced a partnership with Matthew Ball and Multicoin Capital to launch the Ball Multicoin Bitwise Metaverse Index, focusing on up to 40 leading crypto assets essential for the Metaverse's growth. A fund tracking this index is now available for qualified investors with a minimum investment of
Bitwise Index Services has announced the reconstitution of its crypto indexes as of May 31, 2022. Bitcoin Cash has re-entered both the Bitwise 10 Large Cap Crypto Index and the Bitwise 10 ex Bitcoin Large Cap Crypto Index, replacing Cosmos. The Bitwise 10 Large Cap Crypto Index now consists of 66.42% Bitcoin, 25.78% Ethereum, and 0.42% Bitcoin Cash among others. No changes were made to the Bitwise Decentralized Finance Crypto Index. As of March 31, 2022, Bitwise managed over $1.2 billion across its investment solutions.
Bitwise Asset Management announced no changes in its crypto indexes following the April 29, 2022 reconstitution. The Bitwise 10 Large Cap Crypto Index comprises 61.64% Bitcoin and 28.46% Ethereum. The Decentralized Finance Crypto Index remains unchanged, with 29.31% dedicated to Uniswap. The Bitwise 10 ex Bitcoin Large Cap Crypto Index holds 74.18% Ethereum. The company manages $1.2 billion in assets with a focus on crypto investments and aims to provide educational resources for advisors and investors.
FAQ
What is the current stock price of Bitwise 10 (BITW)?
