Bitwise Asset Management, the world’s largest crypto index fund manager with over $1.2 billion AUM, announced the launch of the Bitwise 10 ex Bitcoin Crypto Index Fund.
- The new fund is the world’s first large-cap crypto index fund to provide exposure to the sensational developments occurring in the crypto market beyond Bitcoin.
- Bitcoin’s share of the overall market capitalization of the crypto space has dropped from 69% to 42% in the last year as other assets like Ethereum, Cardano, and Solana have grown in size and importance.
- The Bitwise 10 ex Bitcoin Crypto Index Fund held nine of the 10 cryptocurrencies that make up its $1 billion-plus flagship Bitwise 10 Crypto Index Fund, excluding bitcoin.
- These assets range in market capitalization from $8 billion to $427 billion and incorporate many of the instruments that play a critical role in the rapidly emerging DeFi, smart contract, and NFT platforms.
Bitwise Asset Management fund seeks to track the Bitwise 10 ex Bitcoin Large Cap Crypto Index that oversees the Bitwise Crypto Index Committee with support from the Bitwise Crypto Index Advisory Board.
BTC USD down -0.82%, ETH USD down -2.88%, ADA USD down -3.56%, SOL USD down -5.63%
Source: Business Wire.
