Bitwise’s New Crypto ETF: All Your Fave Coins In One Basket, Including Dogecoin?!

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Well, well, well, look who’s getting in on the action! On Tuesday, Bitwise rolled out their shiny new Bitwise 10 Crypto Index ETF (BITW) on the New York Stock Exchange (NYSE). It’s a one-stop shop for all you crypto enthusiasts who want exposure to a cornucopia of digital assets – minus the hassle of choosing which one to buy. 🙌

So, what’s in this magical fund? Brace yourselves: Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Chainlink (LINK), Litecoin (LTC), Cardano (ADA), Avalanche (AVAX), Sui (SUI), and Polkadot (DOT). And if you thought that was impressive, this ETF marks the first time a major crypto asset manager is including Avalanche, Sui, and Polkadot in the mix. 💥 That’s right, folks – no more picking and choosing – just get ’em all! (Bitwise CEO Hunter Horsley was practically doing cartwheels about it on CNBC, if you missed it.)

Bitwise ETF Launches With Over $1 Billion In Assets

Hunter Horsley, the mastermind behind this gem, told CNBC, “This development significantly broadens the audience that can access these various assets, particularly for those digital currencies that lack a spot ETF.” Translation: Bitwise is here to make sure your crypto dreams come true. 💭✨

But wait, there’s more! This fund is perfect for financial advisors and regular folks (yes, YOU) looking to take their IRA funds and throw them into the crypto mix. BITW is basically a conversion of a previous index fund, and it’s already sitting on over $1 billion in assets. That’s a lot of zeros, my friends! 💸💸💸

But what’s really driving the competition is the launch of Bitcoin and Ethereum ETFs earlier this year. Ever since January 2024, asset managers have been rushing to get their own ETFs out there, hoping to track a wider range of digital assets. From Sui to Aptos, even memecoins like TRUMP and Dogecoin (DOGE) are getting some love. But, as always, there are some bumps on the road, with record withdrawals in October and November, especially from Bitcoin and Ethereum-focused ETFs. You know, ’cause crypto prices were doing their usual rollercoaster thing. 🎢

Still, Horsley’s all like, “The timing is ideal for many investors who have been paying attention since the Bitcoin ETF launch and are now looking for a more comprehensive way to allocate to digital assets without the need to select individual assets.” He’s right – it’s like crypto buffet time! 🍴🚀

BITW Allocates 90% To Major Cryptos

Hold up, before you go throwing all your life savings into this thing, let’s be clear: BITW’s allocation is mostly going to the big players. 90% of its holdings are dedicated to Bitcoin, Ethereum, Solana, and XRP, with a measly 10% going to the smaller guys. Sorry, Sui and Polkadot – you’re the backup dancers here. 💃

Oh, and did we mention? The fund will be rebalanced every month, unlike most ETFs that get shuffled around quarterly or semi-annually. They’re keeping it fresh. 🌿

Bitwise is all about making crypto accessible, folks. They posted on social media, “We’ve been working tirelessly since 2017 to expand access to crypto opportunities. Now, with BITW’s listing on NYSE, YOU have that option. We believe 2025 is going to be the breakout year!” (Fingers crossed, right?)

At Bitwise, we’ve been working tirelessly since 2017 to expand access to the opportunities in crypto. Countless investors have requested an index ETP, and we’re thrilled that NOW, with BITW’s listing on NYSE, you have that option. We believe 2025 is a breakout year for this space, and we are more optimistic than ever about the opportunities ahead.

As of now, Ethereum is the star performer in this new fund. It’s trading at $3,323 and has risen 6% in the past 24 hours as it gets close to some important resistance levels. If you’re holding Ethereum, congrats – you’re basically crypto royalty right now! 👑💎

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2025-12-10 12:30