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Asset mangement firm Bitwise has officially submitted the 10 Crypto Index ETF product’s with the US Securities and Exchange Commission (SEC). The firm’s exchange partner, New York Stock Exchange (NYSE) filed the 19b-4 officially earlier this month. The 19b-4 is now recognized by the commission.
The Bitwise 10 Crypto ETF
Per the filing, the components of the Bitwise 10 Crypto Index ETF include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP. Others include Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), Bitcoin Cash (BCH), Polkadot (DOT), and Uniswap (UNI).
The fund will track the prices of these assets in weighted proportions, giving investors indirect exposure to the underlying coins. Bitwise has featured in the news more often lately. As reported earlier by Coingape, NYSE Arca filed the 19b-4 for its Bitcoin and Ethereum ETP earlier this week in hopes of approval.
This is a developing story, please check back for updates!!!
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
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