Bitwise Files Form 19b-4 to List $1.3B Crypto Index Fund BITW as ETP on NYSE Arca, Includes BTC and SOL

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 its $1.3 billion publicly traded trust into an ETP structure. The index fund includes major cryptocurrencies such as Bitcoin (BTC) and Solana (SOL), among others. Currently, the fund operates similarly to a closed-end product, which involves premiums and discounts. The filing was made under Form 19b-4, indicating a significant step in the evolution of cryptocurrency investment products.

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