Bitwise Asset Management has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) based on its existing 10 Crypto Index Fund.
The ETF would include ten leading cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), Bitcoin Cash (BCH), Polkadot (DOT), and Uniswap (UNI).
Details of The Filing
The fund is designed to reflect the prices of the ten assets in weighted proportions, providing investors with indirect exposure to the cryptocurrencies.
Each asset in the crypto index ETF is allocated a specific share, with Bitcoin making up 75.1% of the index, Ethereum 16.5%, and Solana 4.3%. XRP accounts for 1.5%, followed by Cardano at 0.7%, Avalanche at 0.60%, and Chainlink and Bitcoin Cash at 0.4% each. Uniswap and Polkadot round out the index with allocations of 0.3% each.
According to a November 27 filing, the Trust’s assets will be limited to portfolio assets and cash,
We współpracy z: https://cryptopotato.com/bitwise-proposes-new-etf-based-on-its-10-crypto-index-fund/
