Bitwise files with the SEC to register the 10 Crypto Index Fund

Bitwise Asset Management has filed with the U.S. Securities and Exchange Commission (SEC) an application to register the index fund it manages, based on the ten largest cryptocurrencies by market capitalization.

If approved, the 10 Crypto Index Fund would begin to comply with the requirements of Rule 13A under the Exchange Act. It obliges publication of annual, quarterly, and current reports on Forms 10-K, 10-Q, and 8-K respectively.

Bitwise also noted that accredited investors in the 10 Crypto Index Fund would be able to shorten the holding period from twelve months to six months after purchasing shares in private placement rounds.

To date, the SEC has registered Bitcoin- and Ethereum-based trusts from Grayscale Investments.

In February 2021, Bitwise Asset Management announced the launch of the Bitwise DeFi Crypto Index Fund. At that time, the value of assets in the firm’s cryptocurrency funds surpassed $1 billion.

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