BITWISE 10 CRYPTO IDX UT - BITW STOCK NEWS

Bitwise Asset Management has launched the Bitwise Polygon (MATIC) Fund, aiming to provide investors with exposure to MATIC, the native cryptocurrency of the Polygon platform. With over $1.5 billion in assets under management, Bitwise focuses on integrating blockchain technology with existing financial frameworks. Polygon enhances Ethereum's capabilities, enabling cheaper transaction costs—approximately $0.01 compared to Ethereum's $20. The fund is available for accredited investors with a minimum investment of $10,000.

Bitwise Index Services announces monthly reconstitution results for its crypto indexes effective September 30, 2021. Cosmos (ATOM) replaces Stellar (XLM) in the Bitwise 10 Large Cap Crypto Index. The updated index consists of 61.39% Bitcoin, 26.38% Ethereum, and a mix of other cryptocurrencies, including Cardano and Solana. In the Bitwise Crypto Innovators 30 Index, Robinhood (HOOD) replaces Nexon (3659). No changes were made to the Bitwise Decentralized Finance Crypto Index. As of the latest report, Bitwise managed over $1.1 billion across various investment solutions.

Bitwise Asset Management has launched the Bitwise 10 ex Bitcoin Crypto Index Fund, the first large-cap crypto index fund excluding Bitcoin, reflecting growing investor demand for diversified cryptocurrency exposure. This fund offers investors access to nine altcoins, which comprise a significant portion of the crypto market, as Bitcoin's dominance has dropped from 69% to 42% in one year. As of August 31, 2021, the fund includes leading cryptocurrencies like Ethereum (68.53%) and Cardano (15.43%), with assets between $8 billion and $427 billion.

Bitwise Index Services announced that the Bitwise 10 Large Cap Crypto Index and the Bitwise Decentralized Finance Crypto Index underwent monthly reconstitution on August 31, 2021, with no changes to their constituents. The Large Cap Index comprises 60.33% Bitcoin and 27.19% Ethereum, among others. The Decentralized Finance Index includes 33.63% Uniswap and 19.30% Aave. Bitwise, managing over $1.3 billion, focuses on providing investment solutions in cryptoassets and aims to educate financial advisors and professionals.

Bitwise Asset Management has launched the Bitwise Uniswap (UNI) Fund and the Bitwise Aave (AAVE) Fund, expanding its suite of investment strategies in decentralized finance (DeFi). These funds aim to provide professional investors with greater access to leading DeFi protocols, Uniswap and Aave, which handle significant trading volumes and outstanding loans, respectively. With over $1 billion in assets under management, Bitwise continues its mission to simplify crypto investments. Anchorage Digital Bank serves as the custodian for the new funds, ensuring secure management of crypto assets.

Bitwise Index Services announced the monthly reconstitution of the Bitwise Crypto Indexes on July 30, 2021. The Bitwise 10 Large Cap Crypto Index remains unchanged with Bitcoin at 66.55% and Ether at 24.74%. The Bitwise Decentralized Finance Crypto Index saw the addition of Ren (REN) and Curve (CRV), replacing Synthetix (SNX) and UMA (UMA). The Bitwise Crypto Innovators 30 Index of equities also saw no changes. Bitwise manages over $1 billion in crypto assets and is known for its leading crypto index funds.

Bitwise Asset Management has received approval for the Bitwise 10 Crypto Index Fund (OTCQX: BITW) to trade on LPL Financial’s platforms, effective June 28, 2021. This fund offers advisors diversified exposure to the top 10 cryptoassets, including Bitcoin and Ethereum, while being regularly rebalanced to reflect market changes. Bitwise, which manages over $1.2 billion in assets, aims to simplify crypto investments for advisors, providing tools and research to support their clients' portfolios.

Bitwise Asset Management, the largest cryptocurrency index fund manager globally, announced the completion of its Series B funding round, led by prominent investors including Elad Gil and Electric Capital, with backing from notable figures like Henry Kravis and Daniel Loeb. Bitwise, currently profitable with assets under management exceeding $1.2 billion, will utilize the funds to enhance its balance sheet and expand its product offerings. The firm has seen a 20x increase in assets year-over-year and continues to grow its team to support over 200 financial advisory firms utilizing its products.