SKN | Bitwise Uplists Crypto Index Fund to NYSE Arca as Regulated Access to Digital Assets Expands

Key Points

• Bitwise’s 10 Crypto Index Fund (BITW) has moved from OTC trading to NYSE Arca, giving mainstream investors regulated access to diversified crypto exposure.

• The fund tracks the 10 largest digital assets, including Bitcoin, Ether, Solana and XRP, and rebalances monthly.

• The move comes amid rising institutional adoption and renewed inflows into crypto ETPs following significant volatility in October.

Bitwise Asset Management strengthened its position in regulated digital-asset products on Tuesday as its 10 Crypto Index Fund (BITW) officially transitioned from the over-the-counter market to NYSE Arca. The uplisting places one of the industry’s oldest diversified crypto investment vehicles on a major securities exchange, widening its reach among financial advisors, institutional allocators and traditional brokerage clients.

The step marks another milestone in the integration of cryptocurrency products into the U.S. public markets, following a surge of interest in regulated exchange-traded structures since the January 2024 approval of spot Bitcoin ETFs.

BITW Moves Into Regulated Trading Infrastructure

First launched in 2017, BITW offers exposure to the 10 largest cryptocurrencies by market capitalization, including Bitcoin ($92,673), Ether ($3,303), Solana ($137.71) and XRP ($2.10). The fund is rebalanced monthly to track market shifts and maintain broad representation of the digital-asset sector.

Trading on NYSE Arca positions BITW alongside traditional ETFs, reducing friction for investors who may be unwilling or unable to interact directly with crypto exchanges. Bitwise chief investment officer Matt Hougan said the index-based structure resonates with investors who believe in crypto’s long-term trajectory but prefer diversified exposure over attempting to pick individual winners.

“Most investors we meet are convinced crypto is here to stay, but they don’t know who the winners will be or how many will succeed,” Hougan said. “The index approach is a way for people to invest in the thesis without having to predict the future.”

Bitwise was also among the first firms to receive approval for a spot Bitcoin ETF in early 2024. Its Bitwise Bitcoin ETF Trust (BITB) reached $1 billion in assets within a month of launch, one of the fastest such ramps among U.S. exchange-traded products.

Institutional Adoption Rises—But So Does Volatility

Institutional interest in digital assets has accelerated sharply over the past year. Regulatory clarity under the current administration, along with expanding product options, has driven traditional financial firms further into the crypto market.

Yet the inflow of institutional capital has not insulated the sector from volatility. On Oct. 10, crypto markets experienced their largest liquidation event on record, with roughly $19 billion in positions wiped out within hours. That shock led to a month of turbulence, marked by heavy withdrawals and broad outflows from crypto-linked ETPs.

Despite the setback, flows have since recovered. Crypto exchange-traded products recorded more than $1.7 billion in inflows over the past two weeks, according to CoinShares data, signaling renewed appetite among investors seeking systematic exposure amid stabilizing market conditions.

A Step Toward Mainstream Portfolio Integration

BITW’s move to NYSE Arca supports a broader shift toward regulated, index-driven crypto products that can integrate more easily into traditional portfolios. For financial advisors and institutions, the uplisting reduces operational barriers, enhances liquidity and places the product under a well-established exchange-supervision framework.

Whether this transition drives a meaningful expansion of diversified crypto allocations will depend on how market conditions evolve in early 2026. With volatility still elevated and institutional inflows rising unevenly, investor confidence may hinge on the performance of Bitcoin ETFs and the broader maturation of digital-asset market infrastructure.

Still, the shift of BITW to a major U.S. exchange suggests that demand for regulated crypto exposure continues to build — even amid the industry’s most turbulent cycles.