BITWISE 10 CRYPTO IDX UT - BITW STOCK NEWS

Bitwise Asset Management, the largest crypto index fund manager with over $1.3 billion AUM, has announced that its entire sales team has successfully completed the Digital Assets Council of Financial Professionals’ continuing education program. This qualification enhances the team’s expertise in blockchain and digital assets, aimed at improving client guidance. Bitwise's sales team consists of 18 professionals with over 160 years of combined experience from notable firms like BlackRock and Deutsche Bank. CEO Hunter Horsley expressed pride in this achievement, reinforcing their commitment to client service.

Bitwise Index Services recently announced changes in its Bitwise 10 Large Cap Crypto Index following the January 31, 2022, reconstitution. Notably, Polkadot (DOT) has entered the index, and Cosmos (ATOM) has re-entered, replacing Avalanche (AVAX) and Bitcoin Cash (BCH). Currently, the index comprises 61.35% Bitcoin and 26.99% Ethereum, among other cryptocurrencies. The Bitwise Decentralized Finance Crypto Index saw no changes. The reconstitution aligns with the established Bitwise Crypto Index Methodology.

Bitwise Index Services announces significant changes in its crypto indexes as of December 31, 2021, following monthly reconstitution. Notably, Avalanche has replaced Uniswap in the Bitwise 10 Large Cap Crypto Index, which primarily comprises Bitcoin (58.69%) and Ethereum (29.33%). Additionally, Loopring re-enters the Bitwise Decentralized Finance Crypto Index, replacing Ren. In the Bitwise Crypto Innovators 30 Index, Bakkt Holdings, Iris Energy, Greenidge Generation, and BIT Mining replace Ebang International, BIGG Digital Assets, EQONEX, and Arcane Crypto. These updates reflect dynamic market movements in the crypto asset landscape.

Bitwise Asset Management has confirmed that there will be no changes to the constituents of its Bitwise 10 Large Cap Crypto Index and Bitwise Decentralized Finance Crypto Index as of the November 30, 2021 reconstitution. The Bitwise 10 Large Cap Crypto Index continues to hold Bitcoin (59.60%) and Ethereum (30.21%) as its largest components, while the Decentralized Finance Index remains unchanged with Uniswap (35.81%) leading. Bitwise manages over $1.6 billion across its indices, maintaining its position as a leading crypto asset manager.

Bitwise Asset Management has launched its first television advertisement to promote the Bitwise 10 Crypto Index Fund (OTC: BITW), which has over $1.3 billion in assets under management (AUM). The ad will begin airing on major business news networks starting November 29. Since its launch, BITW has achieved significant trading volume and growth, becoming the most traded crypto fund launch in history, with AUM increasing by over 300%. The campaign is part of a broader marketing strategy to raise awareness and educate investors about opportunities in crypto assets.

Bitwise Asset Management has launched the Bitwise Compound Fund, targeting one of the fastest-growing sectors within the nearly $3 trillion crypto market. The fund will invest directly in COMP, the native token of the Compound protocol, designed for decentralized finance (DeFi). As of October 31, 2021, Bitwise manages over $1.7 billion in assets. COMP trading volume exceeded $4.6 billion in the past month, with revenue surpassing $29 million. The fund is available for accredited investors with a minimum investment of $10,000.

Bitwise Asset Management announced that Algorand (ALGO) will replace Cosmos (ATOM) in the Bitwise 10 Large Cap Crypto Index, effective October 29, 2021, at 4 PM ET. The index now consists of 62.04% Bitcoin, 27.36% Ethereum, and smaller percentages of other cryptocurrencies, including 0.62% Algorand. Algorand was also added to the Bitwise 10 ex Bitcoin Crypto Index. No changes were made to the Bitwise Decentralized Finance Crypto Index during this reconstitution.