Bitwise's first product, the Bitwise Hold10 Private Index Fund, is a market cap-weighted basket of the top 10 cryptocurrencies by network value. Backed by AngelList founder Naval Ravikant.
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The HOLD 10 Index is a passively managed fund of the top 10 cryptocurrenciesThis year the market capitalization of all cryptocurrencies has grown from about $13 billion to well over $150 billion, fueled by infusions of capital from all different types of investors. But irregardless of this extreme growth, it's still very complicated for most people to invest in cryptocurrency.
Bitcoin Traders and Index FundsI mean sure why not: Goldman Sachs Group Inc. is weighing a new trading operation dedicated to bitcoin and other digital currencies, the first blue-chip Wall Street firm preparing to deal directly in this burgeoning yet controversial market, according to people familiar with the matter. Literally, why not?
This Startup Wants to Be Vanguard for CryptocurrenciesYou should have figured this would happen sooner or later. A San Francisco-based startup is launching a cryptocurrency index fund that will track the most valuable virtual coins. Bitwise Asset Management, which has received funding from AngelList co-founder Naval Ravikant, says it wants to be "Vanguard for crypto."
AngelList Creator Naval Ravikant Backs S&P-Style Cryptocurrency Fund - CoinDeskA startup led by former Facebook and Google employees is launching a cryptocurrency index fund. Backed by AngelList founder Naval Ravikant, Bitwise Asset Management is today coming out of stealth mode to reveal its first product, the Bitwise Hold10 Private Index Fund - a market cap-weighted basket of the top 10 cryptocurrencies by network value.
New Crypto Index Fund To Launch With Backing From Naval RavikantAs multiple digital currencies beyond Bitcoin and Ethereum have taken off, many crypto enthusiasts have proposed diversified portfolios of blockchain-based assets. Hence the proliferation of crypto hedge funds seen this past summer.