BITWISE 10 CRYPTO IDX UT - BITW STOCK NEWS

Bitwise Asset Management (BITW) launches 'Bitwise Is Interesting' advertising campaign to raise awareness of its position as a leader in the crypto asset class amidst global interest surge.

Bitwise Asset Management launches two Ethereum-themed ETFs, allowing investors to gain exposure to Ethereum futures through regulated ETFs for the first time.

Bitwise Asset Management announces the launch of two Ethereum-themed ETFs, AETH and BTOP, providing investors with exposure to CME Ether futures. Ethereum-based applications and decentralized finance on Ethereum have seen significant growth. Ethereum's correlation with major equity indexes is low, making it a distinct asset in portfolios. The launch adds to Bitwise's suite of crypto products. AETH invests in regulated CME Ether futures, while BTOP provides equal exposure to regulated CME Bitcoin Futures and CME Ether Futures.

Bitwise Asset Management's Bitwise Crypto Industry Innovators ETF (BITQ) has surpassed $100 million in assets under management. The ETF provides equity exposure to the bitcoin and digital asset sector through leading crypto companies. Bitcoin has risen more than 83% year-to-date, while BITQ has gained more than 135% over the same period.

Bitwise Asset Management has launched three new separately managed account (SMA) strategies on the Eaglebrook platform, allowing clients to manage crypto assets without triggering taxable events. These strategies include the Bitwise 10 Large Cap Crypto Index, the Bitwise Decentralized Finance Crypto Index, and the Bitwise Crypto Category Leaders SMA. Clients retain direct ownership of their assets, facilitating tax-loss harvesting. The new offerings expand Bitwise's SMA suite to seven, responding to growing interest from professional investors. Over 50 leading registered investment advisors (RIAs) use the Eaglebrook platform, which manages over $200 billion in assets. The minimum investment for these new strategies is $10,000, with tax reporting provided through Eaglebrook.

Bitwise Index Services has announced the results of its monthly reconstitution of the Bitwise Crypto Indexes. As of December 30, 2022, Intel (INTC), CBOE Global Markets (CBOE), Nu Holdings (NU), and Applied Blockchain (APLD) have been added to the Bitwise Crypto Innovators 30 Index, while Nvidia (NVDA), AMD, and others have exited. The Bitwise 10 Large Cap Crypto Index remains unchanged, holding 63.53% Bitcoin (BTC) and 28.75% Ethereum (ETH). The reconstitution reflects ongoing developments in the cryptocurrency sector.

Bitwise Asset Management announced changes in its crypto indexes following the November 30, 2022 reconstitution. Notably, Chainlink (LINK) re-entered both the Bitwise 10 Large Cap Crypto Index and the Bitwise 10 ex Bitcoin Large Cap Crypto Index, replacing Cosmos (ATOM). The Bitwise Decentralized Finance Crypto Index welcomed Balancer (BAL), replacing 0x (ZRX). As of the same date, the Bitwise 10 Large Cap Crypto Index comprises 61.66% Bitcoin (BTC) and 29.29% Ethereum (ETH), while the Bitwise Decentralized Finance Crypto Index features 55.05% Uniswap (UNI).

SS&C Technologies (Nasdaq: SSNC) has been selected by Bitwise Asset Management, the largest crypto index fund manager, to utilize its Eze Investment Suite for managing $1.3 billion in assets across 15 strategies, including crypto ETFs and NFT funds. The suite will streamline trading operations and enhance portfolio management, compliance, and data flows while providing connectivity to OTC trading desks. This partnership underscores SS&C's commitment to supporting the evolving digital asset landscape.