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, the largest cryptocurrency index fund manager globally, announced the completion of its Series B funding round, led by prominent investors including Elad Gil and Electric Capital, with backing from notable figures like Henry Kravis and Daniel Loeb. Bitwise, currently profitable with assets under management exceeding $1.2 billion, will utilize the funds to enhance its balance sheet and expand its product offerings. The firm has seen a 20x increase in assets year-over-year and continues to grow its team to support over 200 financial advisory firms utilizing its products.
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Bitwise Asset Management, a prominent provider of crypto funds, has surpassed $1 billion in assets under management (AUM). It manages the world’s largest crypto index fund, BITW, and the first DeFi index fund. The Bitwise 10 Crypto Index Fund has recently reached $900 million in AUM, covering the top 10 crypto assets, including Bitcoin and Ethereum. The DeFi fund, launched on February 17, 2021, is gaining momentum among investors. Moreover, Bitwise has initiated regulatory processes for the public trading of its Bitcoin Fund on OTCQX.
Bitwise Asset Management has launched the Bitwise DeFi Crypto Index Fund, expanding its portfolio which includes the $800 million AUM Bitwise 10 Crypto Index Fund (OTCQX: BITW). The DeFi sector, with over $30 billion in monthly trading volume and $40 billion in funds locked, represents significant growth in digital finance. The fund, which targets decentralized assets, has an expense ratio of 2.5% and is available for accredited investors. Initial index constituents include Uniswap (25.14% weight) and Aave (23.37% weight).
Bitwise Asset Management, managing over $700 million in assets, has initiated the regulatory process for its Bitwise Bitcoin Fund to trade on OTCQX. This move, if approved, would facilitate trading in traditional brokerage accounts. The fund charges a 1.5% expense ratio and has been operational since December 2018. The firm cites growing interest from professional investors seeking bitcoin for portfolio hedging, particularly amid rising inflation risks. The Bitwise Bitcoin Fund aims to follow the success of the Bitwise 10 Crypto Index Fund (OTCQX: BITW), which began trading on December 9, 2020.