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.


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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

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