Bitwise Launches Altcoin-Heavy Crypto Index Fund

Bitwise Launches Altcoin-Heavy Crypto Index Fund


Bitwise Asset Management just launched a new index fund which caters to investors specifically interested in altcoins.

The San Francisco-based firm’s new “Ex Bitcoin” offering includes popular cryptocurrencies such as Ethereum (ETH), Cardano (ADA), and Bitcoin Cash (BCH), among others.

 

Trending: Trump Reveals Maricopa County Audit Results At Georgia Rally

BTC’s total market capitalization of crypto has fallen from 69% to 41% in the past year while other tokens, such as ETH, have seen their share of the cap increase by nearly 75%, according to TradingView.

Chief investment officer Matt Hougan explains,

“This launch is being driven by customer demand. Many investors today [already] have exposure to Bitcoin, but are excited by the dynamic developments taking place around other assets.

This new fund allows investors to complement their existing Bitcoin exposure with a professionally managed solution that captures other large-cap cryptoassets.”

The platform will provide investment opportunities in the fields of decentralized finance (DeFi), smart contracts, and non-fungible tokens (NFTs).

The full roster of the Ex Bitcoin fund

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend