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BITW

Bitwise 10 Crypto Index Fund

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Bitwise Asset Management has announced that NYSE Arca has filed to list the Bitwise 10 Crypto Index Fund (BITW) as an exchange-traded product (ETP). This move is part of Bitwise's efforts to convert the $1.3 billion publicly traded trust to an ETP structure. Currently, BITW shares are quoted on the OTCQX Best Market.

Portfolio Pulse from

November 14, 2024 | 10:45 pm

BITW is a high beta ETF focused on the top 10 cryptocurrencies, primarily Bitcoin and Ether. It offers market access with reduced operational and regulatory risks compared to unregulated exchanges. BITW has outperformed Bitcoin recently but carries high volatility.

Portfolio Pulse from

November 14, 2024 | 3:00 am

The article discusses the potential positive impact of Trump's return to the White House on digital assets, suggesting that the Bitwise 10 Crypto Index Fund (BITW) could be a good investment opportunity at a discount to its Net Asset Value. It highlights Trump's pro-crypto stance and provides a fair value calculation for BITW shares.

Portfolio Pulse from

November 06, 2024 | 10:45 am

Ric Edelman predicts $150 billion inflows into spot Bitcoin ETFs by 2025, driven by independent advisors' desire to add Bitcoin to their portfolios. This demand, coupled with Bitcoin's fixed supply, could push its price to $150,000. Matt Hougan of Bitwise Asset Management highlights the attractiveness of the ETF landscape for crypto, noting the potential of the financial advisor market. Bitwise's Bitcoin ETF (BITB) and 10 Crypto Index Units (BITW) are mentioned as benefiting from this trend.

Portfolio Pulse from Khyathi Dalal

February 15, 2024 | 11:36 pm

Bitwise Asset Management is set to launch a new Spot Bitcoin ETF, ticker BITB, on January 11. The ETF will provide investors with exposure to Bitcoin without the need to directly purchase and hold the cryptocurrency. This launch comes amid growing interest in cryptocurrency investment vehicles and could potentially offer a more regulated and accessible way for investors to gain Bitcoin exposure.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 10:06 pm

The SEC is considering applications for spot Bitcoin ETFs from major firms like BlackRock, Fidelity, and Franklin Templeton. Investors in Grayscale Bitcoin Trust (GBTC) and Bitwise 10 Crypto Index Units (BITW) have seen significant returns, with GBTC and BITW increasing by 245.81% and 215.51% respectively over the past year. Both stocks have shown a strong positive correlation in their price movements with a coefficient of determination of 0.914.

Portfolio Pulse from Mehab Qureshi

November 22, 2023 | 11:06 am

The SEC remains cautious about approving a Spot Price Bitcoin ETF due to market manipulation concerns. Despite this, several ETFs and investment vehicles have emerged to provide investors with exposure to cryptocurrencies, including Grayscale Bitcoin Trust (OTC:GBTC), Purpose Bitcoin ETF (BTCC), VanEck Vectors Bitcoin Strategy ETF, Bitwise 10 Crypto Index Fund (OTC:BITW), CoinShares Physical Bitcoin (NYSE:BITC), and 3iQ CoinShares Bitcoin ETF.

Portfolio Pulse from Jeffrey Kamys

May 22, 2023 | 2:25 pm

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