Bitwise defi crypto fund

Institutional investors can now partake in this fund and obtain exposure to various bluechip DeFi tokens. The new fund will offer accredited investors a vehicle to make a diversified bets on DeFi via a security structure, making them more inclined with the nascent market recognized for its hacks and rug pulls. Moreover, the new Bitwise fund includes nine DeFi tokens. This fund will provide accredited investors with the capability of investing in DeFi tokens safely and securely.

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Bitwise Launches DeFi Index Fund Featuring 9 DeFi Tokens

Digital asset manager Bitwise today announced the launch of two DeFi blue-chip token funds. Per sources close to the matter, the aforementioned DeFi funds will invest directly in one of two large cap DeFi blue chips — AAVE of the leading DeFi borrowing and lending protocol, Aave, and UNI which is the governance token for the leading decentralized exchange, Uniswap. While Bitwise already has a suite of crypto-based products such as bitcoin BTC , ether ETH , and a wide variety of index funds — including one for DeFi — this is the first time it has launched specific funds for major DeFi tokens.

The latest move by Bitwise to launch AAVE and UNI-based funds is a clear reminder of how DeFi is being actively pursued by traditional finance players looking for avenues to park their wealth in return for competitive yields.

In similar news, another leading DeFi protocol, Compound COMP announced the launch of Compound Treasury to cater to the institutional demand for DeFi products such as earning high yields on crypto assets, quick liquidity access, and others. Related posts:.

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Bitwise to double staff after $70 million funding

The crypto index fund manager noted in a press release that the Bitwise Blue-Chip NFT Index Fund product is aimed at investors who are interested in NFTs but have limited time to participate in regular auctions while bidding on art collectibles. Bitwise stated that the selected collections were weighted based on market capitalisation since it allows for better liquidity and price discovery. NFTs, according to the crypto index fund manager CEO Hunter Horsley, have become an important part of the ongoing cryptocurrency expansion. He said:.

The Bitwise Bitcoin Fund (BBF) if approved, will follow the public quotation of the firm's Bitwise 10 Crypto Index Fund that recently obtained.

Bitwise Launches World's First "Ex Bitcoin" Crypto Index Fund

The product focuses on introducing investors to digital assets other than Bitcoin. As such, investors can access cryptocurrencies such as Ethereum, Cardano, and Solana. Moreover, the fund is under the management of the Bitwise Crypto Index Committee. Introducing the Bitwise 10 ex Bitcoin fund could push its asset management values even further. The chief investment officer at Bitwise also admits that there is a growing demand for alternative coins. Bitcoin may be the leading asset, but users have shown interest in other large-cap coins. Another factor leading to the rising interest in altcoins is their usability applications. Bitcoin has minimal utility since it works as a payment medium or a reserve asset. Other digital assets such as Ethereum offer multiple use cases, which make them more flexible. The new crypto fund is also going to evaluate the assets based on different sections.

Bitwise Unveils Institutional-Grade DeFi Funds for Aave (AAVE) and Uniswap (UNI)

bitwise defi crypto fund

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Bitwise Expands DeFi Suite with Two New Funds

After the latest reconstitution, the Bitwise Decentralized Finance Crypto Index now hold the following digital assets: Finance YFI , 5. Bitwise is one of the largest and fastest-growing digital asset managers. Bitwise reported that there were no changes to the constituents of the Bitwise 10 Large Cap Crypto Index as a result of the July 30, reconstitution. There were no changes to the constituents as of July 30, COIN , 9.

Bitwise Launches Defi Crypto Index Fund Tailor-made for Institutions

The new fund is open, enabling accredited investors and financial advisors to gain diversified exposure to the fast-growing sector of the crypto market. Decentralized finance DeFi refers to the emerging category of digital, peer-to-peer financial services technologies that enable trading, loans, interest accounts, and more. The new Bitwise fund holds a portfolio of cryptoassets that power these DeFi services, and seeks to track the Bitwise Decentralized Finance Crypto Index. Holdings are screened for important risks, weighted by market capitalization, and rebalanced monthly. The formal index methodology is public, and is overseen and adjusted on an ongoing basis by the Bitwise Crypto Index Committee. AIT News Desk is a trained group of web journalists and reporters who collect news from all over the technology landscape.

The NFT index fund joins Bitwise's recent crypto fund launches, which include the Bitwise DeFi Index Fund and the Bitwise “ex Bitcoin” Index.

Bitwise Asset Manager crypto fund surpasses 1 billion USD

The new fund will be available to accredited investors as a private placement and will come in two share classes — Investor Shares and Institutional Shares. The assets in the fund will be held by Coinbase Custody. Sign up for the Crypto Digest newsletter to receive a weekly summary of crucial cryptocurrency news.

Bitwise Investments raises $4M to launch its crypto index fund

Bitwise Asset Management says a new cryptocurrency index fund keying in on decentralized finance, or DeFi, has become its fastest growing investment product. Bitwise chief investment officer Matt Hougan said the rate of investment in the DeFi fund is showing "no signs of slowing," CoinDesk reported. Decentralized finance has exploded in the last year. Decentralized finance protocols allow users to borrow, lend and generate yield from their crypto assets. Users can also trade in a decentralized way, depositing their assets into pools that exist on blockchains and then buying or selling against them.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Bitwise Debuts First DeFi Fund Amid Boom in Crypto Frontier (1)

The reputation score is a score between 0 and , assigned to products based on our algorithm. Iconomi is a London-based company that offers a variety of cryptocurrency-related products and services. Bitwise 10 Crypto Index Fund. It tracks the top 15 cryptoassets by market cap according to an index compiled by BlockBay. To invest in the index, one has to buy the LyCI token. The index is rebalanced quarterly and follows a few simple rules.

Bitwise, a leading provider of crypto index funds, and ETF Trends, a noted source of news and analysis in the ETF space, recently released the findings of their fourth joint survey of financial advisor attitudes toward crypto. Financial advisors who manage roughly half of all wealth in the US, are becoming increasingly bullish on crypto. The survey pooled financial advisors, who answered a list of questions on crypto assets and their use in client portfolios. When it comes to equity exposure, the survey revealed the important role stocks play in crypto investing.

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