BITW vs KRYP

BITWBBitwise 10 Crypto Index ETF

KRYPCProShares CoinDesk 20 Crypto ETF

In short

BITW Crypto's original index fund. Live since 2017, first as a private placement and now as an ETF, it holds the ten largest crypto assets and rebalances monthly. That long history carries a 0.75% fee.

KRYP Most crypto index funds stop at the big two or a short list of coins. KRYP tracks the CoinDesk 20, casting a wider net, and does it as a 1940 Act fund using crypto derivatives instead of holding the coins outright.

Stated mandate

BITW The fund seeks to invest in a broad portfolio of crypto assets that tracks the Bitwise 10 Large Cap Crypto Index, with monthly rebalancing to reflect index changes.

KRYP The Fund seeks to track the performance of the CoinDesk 20 Index before fees and expenses through a passive investment approach.

Why people hold it

• BITW Longevity is the edge: operations began in November 2017, one of the longest continuous records among multi-coin crypto baskets, spanning several boom-and-bust cycles.sec.gov
• One ticker, ten coins: the portfolio mirrors the Bitwise 10 Large Cap Crypto Index and rebalances monthly as the index changes, so you skip wallets, keys and coin-picking.
• No style drift. The fund holds what its index says it holds, one of the tighter mandate implementations among the ten funds in its category.
• Reports like a public company: annual 10-K and quarterly 10-Q filings with the SEC put holdings and audited financials on the record.sec.govsec.gov 2

• KRYP Widest net in the basket aisle: a passive track of the CoinDesk 20 Index, reaching down to tokens that the 5- and 10-coin rivals (GDLC, BITW) never touch.
• Built as a 1940 Act registered fund using crypto derivatives rather than a coin-holding trust, so it carries the disclosure and structure of a conventional fund.
• At 0.58%, the fee lands right around the middle of the multi-coin index group, a fraction of what the priciest crypto basket funds charge.

Worth knowing

• BITW Cost is the trade-off: 0.75% sits above the category median, and cheaper broad crypto baskets exist (EZPZ at 0.19%, NCIQ at 0.25%).
• Crypto sits at the volatile end of the shelf. A ten-asset basket blunts single-coin blowups, but not the asset class's deep drawdowns.
• It trades lighter than the category's busiest names, so spreads can run wider, and the trust makes no distributions: price is the whole return story.

• KRYP Small and lightly traded since its 2026 launch, so bid-ask spreads can be wide and more of your real cost shows up at the trade than in the fee.
• Cheaper routes to a crypto index exist: Franklin's EZPZ and Hashdex's NCIQ both came to market at lower expense ratios.
• Exposure runs through derivatives, not the coins themselves, so results can drift from the index, and there is only a short history to judge it on.

Full BITW profile⁠

Full KRYP profile⁠