Bitwise is looking to convert its index fund tracking the top 10 cryptocurrencies by market cap into an exchange-traded fund.
On Nov. 27, Bitwise’s filing was uploaded to the U.S. Securities and Exchange Commission (SEC)’s website. The filing took the form of an application from the NYSE Arca, a major U.S. exchange specializing in exchange-traded products (ETPs), to list and trade shares of the Bitwise 10 Crypto Index Fund as an ETP.
The Bitwise 10 Crypto Index Fund currently trades as a trust, offering weighted exposure to the ten-largest digital assets by market capitalization.
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