Bitwise launches NFT index fund for accredited investors
Accredited investors can now invest in some of the world's most valuable nonfungible tokens and art collections through the Bitwise Blue-Chip NFT Index Fund. In an effort to democratize access to nonfungible tokens, art collections and other digital assets of value for the masses, Bitwise Asset Management launched its new index fund on Dec. 16.As per the announcement, the Bitwise Blue-Chip NFT Index Fund is designed to allow accredited investors to invest in major nonfungible tokens and art collections. The NFT industry has exploded in 2021. Retailers throughout the world purchased....
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The news follows Bitwise withdrawing its SEC application for a Bitcoin Exchange-Traded Fund earlier this year. U.S. retail investors will be able to get exposure to Bitwise's new crypto index fund — albeit indirectly.According to a Dec. 9 statement from Bitwise Asset Management, shares of its crypto index fund will begin public quotation on over-the-counter, or OTC, markets under the BITW ticker. The move effectively makes the index fund, which is composed of 10 crypto tokens, tradeable using brokerage accounts, which retail investors are allowed to invest in. The announcement follows a....
The ETF tracks the Bitwise Web3 Equities Index, with over 85% exposure to companies in Web3. Bitwise Asset Management announced on Oct. 3 a new exchange-traded fund (ETF) to both institutional and retail investors, giving them access to companies "positioned to benefit" from Web3 growth. Bitwise in a statement said it marks "the next wave of the internet's development characterized by greater decentralization and individual ownership of data."We have exciting news! Today we launched the Bitwise Web3 ETF (BWEB), a fund designed to provide focused exposure to one of the fastest-emerging....
Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund.
The fund bets on 10 Ethereum-based protocols angling to shape the future of finance.
A top ten crypto index by Bitwise has outperformed the assets themselves as FOMO takes hold. Leading crypto fund manager Bitwise Asset Management has announced that its 10 Crypto Index Fund is trading at a much higher premium than the underlying assets it represents.The BITW fund saw record initial trading volumes with shares in the crypto fund surging to 369% higher than the value of the Bitcoin, Ethereum, and eight other crypto assets, that it holds.Bloomberg reported that the divergence indicates that institutional investors, hedge funds, and retail traders, are happy to pay a premium....