Launch of BITW: Bitwise Asset Management has launched the Bitwise 10 Crypto Index ETF (BITW) on NYSE ARCA, transitioning from its previous trading on OTCQX Best Market, aiming to provide broad exposure to the largest digital assets in the crypto market.
Portfolio Composition: BITW follows the Bitwise 10 Large Cap Crypto Index, primarily investing in the top 10 cryptocurrencies by market capitalization, with Bitcoin holding a dominant 74.34% of the portfolio, followed by Ethereum and XRP.
Revised Investment Strategy: The ETF's new structure allocates 90% of its portfolio to cryptocurrencies already represented in existing single-coin ETPs, while limiting other assets to a combined 10% allocation, enhancing regulatory compliance and investment clarity.
Market Outlook: Bitwise executives believe that the growing mainstream adoption of cryptocurrencies positions BITW favorably for future growth, with index investing expected to become a popular entry point for investors in the crypto space.
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.
0 Analyst Rating
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.
