Common Shares of Beneficial Interest (BITW)

The Bitwise 10 Crypto Index ETF (BITW), whose listed shares are common shares of beneficial interest in a trust, is sponsored by Bitwise Asset Management, the San Francisco-based crypto asset manager. The product began as a private fund and later traded over the counter before becoming an exchange-listed ETF.

The fund seeks to track the Bitwise 10 Large Cap Crypto Index, which holds the ten largest cryptocurrencies that meet the index's screening criteria, weighted by market capitalization. Bitcoin and ether typically make up the majority of the index, with smaller allocations to other major tokens. The index is rebalanced monthly.

The trust holds the underlying crypto assets directly through custodians, giving shareholders diversified exposure to the large-cap cryptocurrency market in a single exchange-traded security.