U.S.
Investors Can Now Trade Bitwise’s Crypto Index Fund Via Brokerage Accounts
Bitwise Asset Management, a
leading provider of index and beta funds for the crypto market, announced
that shares of the “Bitwise 10 Crypto Index Fund” will start
public quotation on OTCQX today under the ticker symbol “BITW”.
Retail investors can buy BITW
shares via brokerages such as Pershing, Charles Schwab, E*TRADE, Fidelity,
and TD Ameritrade, and accredited investors and entities can purchase BITW
shares via private placement.
According to the Bitwise 10
Crypto Index Fund’s Fact Sheet, the fund (which was launched
in 2017) “employs a research-driven investment approach that seeks to provide
market-cap-weighted exposure to the 10 largest cryptoassets, accounting for
approximately 80% of the cryptomarket.”
It is rebalanced monthly. The
fund’s assets are “held in 100% cold storage with a regulated, insured
custodian, and are audited annually.” The fund is debuting with approximately
$120 million in assets under management.
