Bitwise Asset Management
Bitwise Asset Management offers a range of investment solutions, including ETFs, publicly traded trusts, SMAs, and private funds, with a focus on crypto assets and equities. Their flagship product, the Bitwise 10 Crypto Index Fund, tracks the top 10 cryptocurrencies and is publicly traded on the OTCQX Best Market under the ticker BITW.
Services
Bitwise Asset Management offers a comprehensive suite of solutions including exchange-traded funds (ETFs), publicly traded trusts, separately managed accounts (SMAs), and private funds. These services aim to provide exposure to over 20 different crypto assets. Additionally, Bitwise extends its offerings to equities, hedge funds, and NFT collections, catering to a variety of investment needs.
Products
Bitwise Asset Management boasts an extensive portfolio of 19 products across various formats. Among its notable offerings is the world's first and largest crypto index fund, available under the ticker BITW. Another key product is the Bitwise 10 Crypto Index Fund, which is publicly traded on the OTCQX Best Market. This fund tracks an index of the 10 most highly valued cryptocurrencies and is rebalanced monthly.
Bitwise 10 Crypto Index Fund
The Bitwise 10 Crypto Index Fund has been in existence since November 22, 2017. As of May 17, 2024, it has an estimated Assets Under Management (AUM) of $1.027 billion. The fund charges a 2.5% annual fee, covering management, custody, and other customary charges. Shares of the fund are traded on the OTCQX Best Market and may be subject to a substantial premium or discount relative to the fund's net assets.
Crypto Asset Exposure
Bitwise Asset Management provides exposure to a diverse range of over 20 different crypto assets. This encompasses various categories such as cryptocurrencies, crypto tokens, and NFTs. The company's approach aims to help investors capitalize on the growing popularity and acceptance of digital assets while also acknowledging the associated risks including regulatory actions, liquidity issues, and market volatility.
Portfolio Risks
Investing in the Bitwise 10 Crypto Index Fund comes with a myriad of risks. These include the speculative nature and limited history of crypto assets, potential regulatory changes, intellectual property rights issues, fraud, and the fluctuating demand for crypto assets and NFTs. Additionally, the market for NFTs can present unique challenges such as shallow trade volume, extreme hoarding, and low liquidity.