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bitcoin
Bitcoin (BTC) $ 94,871.42
ethereum
Ethereum (ETH) $ 3,258.94
tether
Tether (USDT) $ 0.998452
bnb
BNB (BNB) $ 645.72
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.18
binance-usd
BUSD (BUSD) $ 0.97355
dogecoin
Dogecoin (DOGE) $ 0.308244
cardano
Cardano (ADA) $ 0.876276
solana
Solana (SOL) $ 178.99
matic-network
Polygon (MATIC) $ 0.469718
polkadot
Polkadot (DOT) $ 6.81
tron
TRON (TRX) $ 0.243099
bitcoin
Bitcoin (BTC) $ 94,871.42
ethereum
Ethereum (ETH) $ 3,258.94
tether
Tether (USDT) $ 0.998452
bnb
BNB (BNB) $ 645.72
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.18
binance-usd
BUSD (BUSD) $ 0.97355
dogecoin
Dogecoin (DOGE) $ 0.308244
cardano
Cardano (ADA) $ 0.876276
solana
Solana (SOL) $ 178.99
matic-network
Polygon (MATIC) $ 0.469718
polkadot
Polkadot (DOT) $ 6.81
tron
TRON (TRX) $ 0.243099
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      Bitwise Makes Transfer to Record Crypto Index Fund on NYSE Arca

      Latest News

      • Bitwise has filed for NYSE Arca to record the Bitwise 10 Crypto Index Fund as an ETP.  
      • The corporate has up to date its S-1 submitting with the SEC to advance its XRP-focused ETF.  
      • The fund emphasizes broad crypto publicity with allocations to BTC, ETH, SOL, and XRP.

      Bitwise Asset Administration is pushing for higher entry to crypto investments. The agency introduced that NYSE Arca has filed to record the Bitwise 10 Crypto Index Fund (BITW) as an exchange-traded product (ETP). This transfer may considerably broaden investor entry to a diversified basket of cryptocurrencies.

      This transfer is a part of Bitwise’s ongoing effort to transform its $1.3 billion publicly traded belief into an ETP.

      Bitwise CEO Hunter Horsley highlighted some great benefits of ETPs, emphasizing their effectivity and comfort for crypto publicity. In contrast to conventional trusts, ETPs permit ongoing subscriptions and redemptions on the fund’s Web Asset Worth (NAV).

      See also  ‘The SEC Has Triggered Untold Hurt To America’: Coinbase CEO

      Learn additionally: XRP ETFs: Canary Capital and Bitwise Apply for SEC Approval

      As of October 31, 2024, in keeping with the info, the Bitwise 10 Crypto Index Fund’s portfolio composition displayed its choice on representing the broader crypto market, led by Bitcoin at 75.1%, adopted by Ethereum at 16.5% and Solana at 4.3%.

      Smaller allocations embody XRP (1.6%), Cardano (0.7%), Avalanche (0.6%), Bitcoin Money (0.4%), Chainlink (0.4%), Uniswap (0.3%), and Polkadot (0.3%). These belongings are reviewed and rebalanced month-to-month to replicate market situations, with danger screens to exclude high-risk belongings.

      Up to date XRP ETF Registration Filed With SEC

      As well as, Bitwise has moved ahead with its plans to launch an XRP-focused ETF. The asset supervisor filed an up to date S-1 registration assertion with the SEC on October 16, offering particulars concerning the belief’s construction, asset custody, and share creation/redemption processes.

      The corporate additionally registered a “Bitwise XRP ETF” entity in Delaware. Crypto analysts have famous the timing of this submitting, suggesting it might be associated to the upcoming U.S. elections.

      Disclaimer: The data introduced on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any variety. Coin Version just isn’t liable for any losses incurred on account of the utilization of content material, merchandise, or providers talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.

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