NYSE Arca Files Form 19b-4 To Uplist the Bitwise 10 Crypto Index Fund (BITW) as an ETP
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2024
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Source: Businesswire
Bitwise Crypto Index Fund Listing: Bitwise Asset Management has filed to list the Bitwise 10 Crypto Index Fund (BITW) as the world's first and largest crypto index fund on NYSE Arca, aiming to convert it into an exchange-traded product (ETP) for enhanced efficiency and regulatory protections.
Fund's History and Holdings: Launched in 2017, BITW provides diversified exposure to the top ten cryptocurrencies, currently holding 75.1% Bitcoin and 16.5% Ethereum, while continuously working to broaden access and strengthen regulatory protections for investors.
Analyst Views on BITW
Wall Street analysts forecast BITW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BITW is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 60.610
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Current: 60.610
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
