Bitwise pitched a diversified 10-crypto fund, then lost $500 million as Bitcoin swallowed 78% of the portfolio
Bitwise’s 10 Crypto Index ETF ended the first half of 2026 with practically half the web property it began with, whereas its 10-asset basket grew to become extra concentrated in Bitcoin. Net property at BITW fell 48.27%, from $1.03 billion on Dec. 31 to $532.8 million on June 30, based on the fund’s quarterly filing….
