With interest in cryptocurrencies at an all-time high, financial advisors are facing significant pressure from their clients to provide exposure to this new asset class. Many advisors discover the Grayscale Bitcoin Trust in their research, but there are many other choices available. In this article I review and compare the different options that investment advisors have available to them to offer cryptocurrency and other digital asset exposure:. The easiest and perhaps most common way to offer client exposure to digital assets is through the Grayscale investment trusts. Grayscale has a handful of assets available in this format, including:.
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- Bitwise 10 Crypto Index Fund (Ticker: BITW) Sees Record Trading Volume In Debut
- More stuff
- Bitwise to double staff after $70 million funding
- Bitwise Launches First Crypto Industry ETF, ‘BITQ’
- Reviewing the Best Blockchain ETFs to Invest In
- Bitwise DeFi Index Fund Attracts Over $30 Million in Two Weeks
Bitwise 10 Crypto Index Fund (Ticker: BITW) Sees Record Trading Volume In Debut
Fidelity Investments has kickstarted the process with the Securities and Exchange Commission SEC to launch two exchange-traded funds ETFs which will track companies operating in the crypto and metaverse industries. The Crypto Industry and Digital Payments ETF will look to track the performance of a set of companies offering crypto mining, support services, blockchain technology, and digital payments processing—rather than cryptos themselves.
The regulator raised concerns about fraud, manipulation and investor protection. Such concerns have been floated by the SEC for years, dating back to its rejection of a bitcoin ETF proposal put forward by Cameron and Tyler Winkelvoss, owners of crypto exchange Gemini. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Shares of the Fund will be tradable through traditional brokerage accounts. Index constituents are screened for liquidity, custody, and other risks, and rebalanced monthly. As of Nov. On a year-to-date basis through Nov. The Fund structure is a Delaware statutory trust and is audited annually. Governance of the Index is overseen by a committee, and guided by an advisory board featuring world-renowned experts in the fields of both index design and cryptoasset analysis. We believe the Fund offers a robust, one-stop solution.
Bitwise to double staff after $70 million funding
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.
Bitwise Launches First Crypto Industry ETF, ‘BITQ’
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Reviewing the Best Blockchain ETFs to Invest In
With inflationary pressures mounting and large central banks around the world still printing money to fuel economic growth, investors increasingly see bitcoin and other cryptos as a long-term value story. The funding round follows several recent milestones for Bitwise. Bitwise says over financial advisory firms currently use its products and research to help clients access the cryptocurrency asset class. The company has already doubled the size of its research, client service and sales teams since the start of the year, and plans to double them again by year-end. Bitwise has also continued to develop its product suite this year. With the additional funding, Bitwise plans to introduce new and innovative products, enabling investors to access a wide range of crypto opportunities.
Bitwise DeFi Index Fund Attracts Over $30 Million in Two Weeks
Top news. A digital asset manager launches the first NFT index fund. In an announcement on Dec. Hougan added that NFTs with fewer than items in the collection or single releases are too illiquid for inclusion. It will focus on music rights, virtual land, game items, and arts and collectibles. It is only available to accredited U. Entirely new artistic mediums are even rarer.
The first cryptocurrency index fund has made its debut in OTC markets. Bitwise has partnered with Coinbase, a leading cryptocurrency exchange, for custody of its assets. Due to the volatile nature of cryptocurrency markets, most investment products using them are for accredited investors , or investors who have a much higher tolerance for risk than retail investors. Such products are often expensive and trade at a premium because they provide access to Bitcoin, a scarce asset whose value has increased in the past couple of months.
Bitwise is the first provider of cryptoasset index funds. Matt and I discuss the history of gold along with the recent introduction of tokenized gold coins. He further outlines the characteristics which make Bitcoin an emerging store of value and he draws some absolutely fascinating similarities between the history of gold and the history of bitcoin. Full Episode Transcript. Hello everyone. You might have heard of Bitwise in the beginning of this year when they published a report that exposed that most exchanges out there are having fake volumes, and that there are only 10 cryptocurrency exchanges which are actually reporting real trading data.
All rights reserved. Charles St, Baltimore, MD These new breed of ETFs have further fueled the mainstream adoption of cryptos as well as the blockchain technology behind them. Now investors can use their regular brokerage accounts to participate in the growth of the crypto space. According to Bloomberg Intelligence data, the number of crypto-tracking investment vehicles worldwide more than doubled to 80 in A year ago, there had been
Last month San Francisco-based Bitwise Investments announced a passively managed index fund comprised of the top 10 cryptocurrencies by market capitalization. The fund rebalances once a month, and all assets are held in cold storage. Essentially its an easy way for investors to gain some passive exposure to cryptocurrency without having to worry about which ones to choose and how to buy and store them. Bitwise is also accepting investors as of today, with baskets being created every two weeks going forward.