Something interesting just landed on the U.S. Securities and Exchange Commission’s (SEC) desk: NYSE Arca, regarded as Wall Street’s electronic home for exchange-traded funds (ETFs), wants to list Bitwise’s $1.4 billion crypto index fund.
The numbers on the document seem to show where the smart money thinks crypto is headed. Filed Wednesday, the proposed ETF reveals a carefully weighted portfolio that’s anything but a crypto free-for-all.
Bitcoin still commands the lion’s share at 75.14%, while Ethereum accounts for 16.42%. Together, these two make up over 91% of the fund’s holdings.
The remaining slice? It’s divided among what Bitwise considers as mid-cap tokens: Solana (4.30%), XRP (1.50%), and Cardano (0.70%).
The rest of what’s left from the the pie goes to prominen
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Author: Vince Dioquino
