BTCGBP Bitcoin

“By holding a diversified portfolio of the world’s largest cryptocurrencies, the Index provides investors with exposure to the cryptocurrency market while minimizing investment-analysis and administrative costs.”

HOLD 10 Index

It is an open-ended private placement vehicle that is open to accredited investors and offers weekly liquidity. The index is a market-cap-weighted index of the 10 largest cryptocurrencies, rebalanced monthly, and captures approximately 80% of the total market capitalization of the cryptocurrency market in the 10 coins. It utilizes a 5-year-diluted market cap and other criteria to address the challenges of the cryptocurrency space such as continuously changing supply, liquidity, trade volume concentration, custody limitations and volatility.

“Our research shows that an index-tracking basket of multiple cryptocurrencies behaves differently than a single coin.”

Bitwise Asset Management

The firm was founded in 2017 and works only with cryptocurrency. Their leadership is filled with the experience needed to bring cryptocurrency to institutional investors as ETFs.

• Hunter Horsley CEO -  Prior Product Manager at Facebook and Instagram where he led monetization efforts from 2015 to 2016. Wharton School graduate, BS in Economics in 2015.

• Paul Fusaro COO - Prior Senior VP and Head of Portfolio Management and Capital Markets at IndexIQ (ETF issuer unit of New York Life) from 2008 for a suite of alternative strategy ETFs, Mutual Funds, and Separately Managed Accounts. VP of Portfolio Management and co-head of Trading and Operations at Direxion Investments from 2009. Equity derivatives and credit derivatives trading at Goldman Sachs before that.

• John T. Hyland CFA - Prior CEO of PointBreak ETFs from May 2015. Chief Investment Officer of United States Commodity Funds from 2005.

“Our view is that this new area has many similarities to the introduction 10 to 15 years ago of commodity ETFs. At that time, we saw the launch of single-commodity ETFs tracking gold, silver, crude oil, and other commodities, as well as ETFs tracking diversified commodity index baskets. We see a lot of similarities here."

By: BGN Editorial Staff




 

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Cryptocurrencies

Bitwise HOLD 10 Index ETF